Market Overview: BLURUSDT Price Activity on 2025-12-29

Summary
• Price surged above 0.0296 before consolidating near 0.0298–0.0299, forming bullish divergences on volume.
• RSI overbought conditions appeared mid-day as momentum accelerated on strong volume.
• Volatility expanded during the 07:30–08:45 ET window, with price reaching a 24-hour high of 0.03041.
• A bullish engulfing pattern formed at 07:15 ET, signaling potential short-term strength.
• Bollinger Bands widened post 07:00 ET, indicating increased risk of a breakout or reversal.

Blur/Tether (BLURUSDT) opened at 0.02944 on 2025-12-29 at 12:00 ET − 1 and closed at 0.02953 at 12:00 ET. The pair reached a high of 0.03041 and a low of 0.02938 during the 24-hour period. Total volume amounted to 3.05 million BLUR, with a notional turnover of approximately $88,055.

Structure and Candlestick Patterns

The 5-minute chart showed a bullish engulfing candle at 07:15 ET and a potential bearish divergence in volume at the high of the session. Price tested key resistance levels at 0.02994 and 0.03003 multiple times before retreating, suggesting these levels could remain relevant in the near term.

Momentum and Volatility Indicators

The RSI crossed into overbought territory during the 07:30–08:30 ET window, aligning with a sharp price rise and strong volume. MACD showed a positive crossover and expanding histogram, reinforcing the bullish momentum. Bollinger Bands expanded significantly between 07:00 and 09:00 ET, indicating increased volatility and a higher probability of a directional move.

Volume and Turnover Insights

Volume spiked notably during the 07:30–08:45 ET period, with the largest notional turnover occurring at 07:45 ET (US$26,630) and 07:30 ET (US$11,495). Price and turnover aligned in the bullish direction during this phase, indicating strong conviction.

Fibonacci Retracements

Applying Fibonacci to the 0.02938–0.03041 swing revealed 61.8% retracement at approximately 0.02994. The price briefly touched this level before retreating, suggesting it may act as a key area for support or resistance in the coming hours.

Looking ahead, the price may test the 0.02994–0.03003 range again, with the potential for a breakout or consolidation. Investors should remain cautious of overbought conditions and possible corrections if volume fails to confirm further upward moves.