Summary
• Price formed a bullish engulfing pattern at 0.03021–0.03032 after a consolidation phase.
• Strong volume and turnover spiked near 0.03065–0.03080, confirming a breakout attempt.
• RSI shows moderate momentum with no overbought or oversold signals, while Bollinger Bands suggest tightening volatility.
• 20-period MA on the 5-min chart crossed below price, hinting at potential near-term support.
Blur/Tether (BLURUSDT) opened at 0.03006 on January 3, 2026, at 12:00 ET−1, reaching a 24-hour high of 0.03082 and a low of 0.03016 before closing at 0.03058 on January 4 at 12:00 ET. The pair saw total volume of 5,875,380 and a notional turnover of 179.7989 BTC-equivalent during the period.
Structure & Formations
Price formed a bullish engulfing pattern between 0.03021–0.03032 during the consolidation phase, followed by a breakout above 0.03040–0.03065. A second wave to 0.03082 was capped by short-term resistance, with indecision seen in small-range candles at 0.03070–0.03065. The 0.03058 level appears to be a new temporary equilibrium point.
Moving Averages and Trends
The 20-period MA on the 5-min chart crossed just below the 0.03060–0.03065 range, suggesting that the immediate trend may be shifting into a lateral-to-bullish phase. Longer-term 50-period and 100-period MAs remain above current price levels, indicating a potential tug between short-term buyers and bearish inertia.
MACD and RSI
MACD showed a modest positive divergence in the final 30 minutes of the 24-hour window, hinting at renewed bullish momentum. RSI held between 50–60, avoiding overbought or oversold extremes, which suggests the market remains in a balanced accumulation phase with no clear reversal signals yet.
Bollinger Bands and Volatility
Bollinger Bands displayed a recent contraction in volatility before the breakout attempt, signaling a potential resumption of directional movement. Price closed near the upper band at 0.03058–0.03070, suggesting continued bullish pressure, though without a decisive break through the 0.03080 level.
Volume and Turnover
Volume and turnover were strongest between 0.03065–0.03082, with a peak turnover of 4949.50 at 0.03077–0.03069. This confirms the breakout attempt but also shows some profit-taking and consolidation. No significant divergence between price and turnover was observed.
Fibonacci Retracements
Fibonacci levels drawn from the 0.03016–0.03082 swing suggest that 0.03058 (61.8%) could act as a key support/resistance pivot point. A move above 0.03065 would align with the 78.6% extension and may trigger further accumulation.
BLURUSDT appears to be in a phase of retesting key levels after a breakout attempt. While momentum indicators remain neutral and volatility is stabilizing, the near-term path is likely to be defined by whether buyers can push past 0.03080 or if sellers reassert control near 0.03050–0.03045. Investors should remain cautious of potential pullbacks in the next 24 hours if volume fails to confirm a decisive break above 0.03080.
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