Latest Blast (BLAST) Price Analysis

Deep Dive

1. Technical Rebound (Bullish Impact)

Overview: BLAST’s MACD histogram turned positive (+0.000016978) for the first time since August, signaling a bullish momentum shift. The 7-day RSI (51.34) sits neutrally, avoiding overbought risks.

What this means: The MACD crossover often attracts algorithmic traders, while RSI neutrality leaves room for upward movement without immediate correction pressure. The price reclaimed the 23.6% Fibonacci retracement level ($0.002728), a key technical threshold.

What to look out for: Sustained closes above the 200-day SMA ($0.0028891) could confirm a longer-term trend reversal.

2. Ecosystem Growth (Mixed Impact)

Overview: On September 12, Turtle Protocol added Blast to its multichain liquidity network, enabling cross-chain yield strategies. This followed Blast’s July integration with SushiSwap’s DEX aggregator.

What this means: While partnerships expand utility, Blast’s TVL has stagnated at ~$1.65B since Q2 2024 (Crypto.com). The price reaction likely reflects speculation about future usage rather than current metrics.

3. Altcoin Market Dynamics (Bullish Impact)

Overview: The Altcoin Season Index rose 56.52% monthly to 72, with Ethereum L2s like Blast benefiting from ETH’s dominance drop to 13.45% (from 59.32% in July).

What this means: Traders are rotating capital from Bitcoin into high-beta L2 projects. Blast’s 24h volume surged 45% to $10.06M, aligning with broader altcoin liquidity inflows.

Conclusion

Blast’s rebound combines technical triggers, ecosystem developments, and favorable altcoin market conditions. However, the rally lacks fundamental catalysts like TVL growth or protocol revenue spikes. Key watch: Can BLAST hold above its 200-day SMA ($0.0028891) to confirm bullish conviction?

Deep Dive

1. Technical Resistance (Bearish Impact)

Overview:
BLAST trades at $0.00245, below its 7-day SMA ($0.00255) and 30-day SMA ($0.00253). The RSI-7 (40.91) shows neutral momentum, but failure to breach the 23.6% Fibonacci retracement ($0.00275) signals weak bullish conviction.

What this means:
Traders often interpret prices below key moving averages as a bearish signal, prompting profit-taking or short-term exits. The lack of upward momentum despite a mildly positive MACD histogram (+0.000018) suggests limited buying interest.

What to look out for:
A sustained break above $0.00255 (7-day SMA) could signal trend reversal, while a drop below $0.00234 (recent swing low) may accelerate declines.

2. Token Unlock Concerns (Bearish Impact)

Overview:
BLAST faced a $2.29M token unlock on August 25, 2025 (1.98% of circulating supply), part of a pattern criticized in projects like Celestia and Blast itself, which lost 96% of its TVL post-unlock in 2024.

What this means:
Unlocks increase sellable supply, often leading to price dips as early investors or teams liquidate holdings. BLAST’s 24h volume ($6.03M) is just 5.3% of its market cap, indicating low liquidity to absorb large sell orders.

What to look out for:
Monitoring Blast’s vesting schedule for future unlocks, which could renew dilution fears.

3. Altcoin Market Rotation (Mixed Impact)

Overview:
The crypto Altcoin Season Index rose to 71 (up 51% monthly), favoring newer or high-momentum tokens. BLAST’s 90-day return (+2.49%) lags behind ETH (+5.2% weekly) and Layer-2 rivals like Mantle (+50% in August 2025).

What this means:
Investors may be rotating capital to outperformers, leaving BLAST in a liquidity vacuum. However, its Ethereum Layer-2 positioning and native yield features could regain traction if DeFi activity rebounds.

Conclusion

Blast’s minor dip reflects technical resistance, unlock-driven supply pressures, and competition in a rotating altcoin market. While its fundamentals as an Ethereum L2 with yield mechanisms offer long-term potential, short-term sentiment remains fragile.

Key watch: Can BLAST hold the $0.00234 support level, or will broader market shifts toward AI/meme coins extend its underperformance?