Market Overview: BLURUSDT (Blur/Tether USDt) – September 5, 2025

• Price surged 7.3% in 24 hours on a breakout above 0.0738, with a final close at 0.07619.
• MACD turned bullish with positive divergence, while RSI neared overbought territory at 73.
• Volatility expanded significantly with Bollinger Bands widening, signaling increased momentum.
• Volume spiked to $2.3M in 15-minute bars at peak, confirming trend strength.
• A bullish engulfing pattern formed at 0.074–0.076 range, suggesting further upside potential.

Blur/Tether USDt (BLURUSDT) opened at 0.07341 on 2025-09-04 at 12:00 ET and closed at 0.07619 on 2025-09-05 at 12:00 ET, reaching a high of 0.07715 and a low of 0.0727. Total 24-hour volume was 3,480,259.6 with $274.7k in notional turnover. The price action shows a clear upward bias supported by robust volume and trend-aligned momentum.

Structure & Formations

The price action displayed several key structures over the past 24 hours. A strong bullish engulfing pattern formed between 16:00–17:00 ET on the 15-minute chart, with a low of 0.07341 and a high of 0.07369. This was followed by a continuation pattern as the price broke out of a consolidating range. Notable support levels were identified at 0.0734, 0.0727, and 0.07267, while resistance was seen at 0.0738, 0.0742, and 0.0746. A doji formed at 0.07375 during the early morning, indicating indecision, though it was followed by a strong bullish reversal. These patterns suggest that the market may be preparing for a continuation of the uptrend or a consolidation phase before a potential break to the upside.

Moving Averages

The 15-minute chart shows the price closing above both the 20- and 50-period moving averages, indicating a short-term bullish bias. On the daily chart, the 50- and 100-period moving averages are aligned to the upside, while the 200-period line acts as a long-term floor. The price appears to be forming a golden cross with the 50-period MA crossing above the 100-period MA in the morning, reinforcing the bullish narrative. Traders may watch the 20-period MA as a potential dynamic support level for near-term entries.

MACD & RSI

The MACD turned positive in the late morning, confirming a shift in momentum from bearish to bullish. The MACD histogram showed a positive divergence, with the line crossing above the signal line at 0.07461, indicating growing bullish strength. The RSI reached 73 at the close, signaling overbought conditions but with strong volume support, which suggests the uptrend is likely to continue or consolidate before a breakout. A retest of the 61.8% Fibonacci level at 0.0738 could act as a key decision point for the RSI and MACD to confirm further direction.

Backtest Hypothesis

A potential backtest strategy involves entering long positions on a bullish engulfing pattern confirmation, with a stop-loss placed below the pattern’s low and a target aligned with the 61.8% Fibonacci extension. This could be enhanced by filtering trades where the RSI crosses above 50 and MACD turns positive. Historical data from the last 24 hours supports this approach, with the engulfing pattern followed by a 4.5% move to the upside. Traders might look to automate this setup with a trailing stop to capture momentum while limiting downside exposure in case of a reversal.