Market Overview for Blur/Tether (BLURUSDT): Dec 11, 2025

Summary
• Price opened at $0.03531 and traded within a consolidating range of $0.03517 to $0.03648.
• A bullish engulfing pattern formed in late afternoon ET, followed by a sharp pullback.
• RSI reached overbought levels near 75, suggesting potential near-term correction.
• Volatility expanded significantly in the 5-minute chart as price tested key swing levels.
• Bollinger Bands showed a moderate expansion after a period of contraction, indicating rising uncertainty.

Blur/Tether (BLURUSDT) opened at $0.03531 on Dec 10, 2025, and reached a high of $0.03648 before settling at $0.03354 by 12:00 ET on Dec 11. The 24-hour low was $0.03269. Total volume amounted to 10.7 million BLUR, with a notional turnover of $370,000.

Structure & Formations

Price action from 20:15–20:30 ET saw a strong bullish engulfing pattern, with the close at $0.03632 following an open at $0.03574. This was followed by a sharp decline into the early hours of Dec 11. A key support level appears to have formed around $0.03322–$0.03331, where price paused multiple times. A doji formed near $0.03335 at 10:15 ET, hinting at indecision.

Moving Averages

On the 5-minute chart, the 20- and 50-period SMAs converged near $0.0353 in the early session but then diverged as price surged and pulled back. By the end of the period, the 50SMA had crossed above the 20SMA, potentially signaling a short-term reversal.

On the daily chart, the 50SMA is currently above the 200SMA, indicating a mildly bullish bias in the longer term.

Momentum Indicators

The RSI spiked to 75 during the 20:15–20:30 ET session, indicating overbought conditions, but fell to the mid-50s by the close, suggesting a potential short-term correction. The MACD line crossed above the signal line early in the session, confirming a short-lived bullish momentum, but later turned negative, suggesting bearish exhaustion may be setting in.

Volatility and Bollinger Bands

Bollinger Bands experienced a contraction from 18:45–20:00 ET, followed by a strong expansion as price surged and then fell back. By the close, price was near the lower band, indicating a potential oversold condition. The widening of the bands reflects increased market uncertainty and could signal a continuation of the current range or a breakout attempt.

Volume and Turnover

Volume surged during the 20:15–20:30 ET and 03:15–04:15 ET sessions, coinciding with sharp price moves. Notional turnover spiked in line with volume, confirming strength in both bullish and bearish moves. However, a divergence appeared after 06:00 ET as price continued to fall despite lower volume, indicating waning conviction.

Fibonacci Retracements

Applying Fibonacci to the $0.03517–$0.03648 swing, the 61.8% level is at $0.03585 and acted as resistance during the early Dec 11 session. The 38.2% level at $0.03555 also saw some price rejection. On the daily chart, the 38.2% retracement from a recent high is near $0.03335, where price found a short-term floor.

Looking ahead, the formation of a bullish engulfing pattern followed by a sharp sell-off may indicate a test of key support near $0.03318–$0.03335 in the next 24 hours. Traders may want to watch for a potential bounce or breakdown at that level. As always, sudden news or volatility from larger assets could shift momentum quickly.