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Summary
• Price tested key resistance near 0.0340–0.0343, rebounding with mixed momentum.
• Volume surged in early hours, declining through the day with diverging price action.
• RSI remained neutral, while Bollinger Bands expanded, suggesting elevated volatility.
• A bullish engulfing pattern emerged around 0.03387, signaling potential short-term reversal.
Price and Volume Snapshot
Blur/Tether (BLURUSDT) opened at 0.03329 on December 11 at 12:00 ET, reached a high of 0.03436, touched a low of 0.03344, and closed at 0.03406 by 12:00 ET on December 12. Total volume over the 24-hour period was 3,244,624.5 units, with a notional turnover of approximately $107,800 (based on weighted average price).
Structure & Patterns
Price action displayed a clear bullish engulfing pattern forming around the 0.03387 level, indicating a potential short-term reversal after a pullback. A key resistance cluster emerged in the 0.0340–0.0343 range, where price stalled multiple times. A bearish divergence in volume appeared as price moved higher in the late hours, suggesting potential exhaustion.
Moving Averages and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages crossed in favor of the bulls, reinforcing upward bias during early trading.

Volatility and Fibonacci Levels
Bollinger Bands widened during the peak trading hours, suggesting elevated volatility and potential continuation or reversal cues. Price tested the 0.03406 level, which corresponded to the 61.8% Fibonacci retracement of the previous 5-minute upswing, but failed to break decisively higher. The 0.03387 level acted as a key support on the 5-minute chart and may offer a floor for near-term corrections.
Volume and Turnover Divergence
Volume spiked in the early morning hours (ET), especially between 20:00 and 22:00, as price moved toward 0.03436. However, turnover failed to confirm the strength, as the rate of trading slowed despite higher price levels. This divergence may hint at weaker conviction in the current rally, raising the risk of a pullback.
Forward-Looking Observations
BLURUSDT appears to be consolidating within a well-defined range, with key resistance at 0.0343 and support at 0.03387. Traders may watch for a decisive break above 0.0343 or a retest of 0.03387 for confirmation of trend direction. While momentum remains mixed, increased volume at higher levels suggests lingering bullish pressure. Investors should remain cautious for potential overbought conditions and be prepared for increased volatility if order-blocks at key levels are triggered.
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