BLUR Holds Monthly SupportBLURUSDT Perpetual ContractBYBIT:BLURUSDT.PThe_Alchemist_Trader_BLUR has recently experienced a technical rejection from the 0.618 Fibonacci retracement, signalling that sellers remain active at higher prices. Following the rejection, price has moved back below the range Point of Control (POC), indicating that momentum has shifted slightly in favor of the bears in the short term. Despite this weakness, BLUR continues to hold an important monthly support level. This area represents the key foundation of the current trading range and is where buyers are expected to defend the broader market structure. As long as price remains above this support, the recent decline can be viewed as a corrective move rather than the beginning of a larger bearish trend. From a technical perspective, maintaining the monthly support opens the probability of a rotation higher, with the first objective being a move through the weak high that currently sits above price. Clearing this liquidity would strengthen bullish momentum and increase the likelihood of a rally toward the daily resistance, allowing BLUR to continue trading within its established range. However, a loss of the monthly support would invalidate the current bullish outlook and increase the probability of a deeper correction. For now, BLUR remains in a constructive position while holding above monthly support. Traders should closely monitor this level, as a sustained defense could provide the catalyst for the next rotation back toward the upper boundary of the current trading range.