Latest Blast (BLAST) Price Analysis

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview: BLAST is trading at $0.000720, below its 30-day Simple Moving Average of $0.000770, which now acts as resistance. The MACD histogram is negative at -0.0000025184, confirming bearish momentum, while the RSI readings around 47 indicate neutral conditions without oversold buying pressure.

What this means: When a price breaks below its short-term moving averages, it often triggers stop-losses and discourages new buyers, leading to a self-reinforcing downtrend. The lack of oversold RSI suggests there's no immediate technical reason for buyers to step in aggressively, allowing sellers to maintain control in the near term.

What to look out for: A sustained move back above the 30-day SMA near $0.000770 could signal a shift in short-term sentiment.

2. Severe Network Contraction (Bearish Impact)

Overview: Blast's DeFi Total Value Locked has plummeted 97% from its all-time high to just $65 million as of August 2025 (The Defiant), with daily active users crashing from a post-airdrop peak of 77,000 to about 3,500.

What this means: TVL and active users are fundamental health metrics for a Layer 2. A collapse of this magnitude indicates a loss of product-market fit, unmet airdrop expectations, and a migration of users to competing chains like Base and Arbitrum. This erosion of the core ecosystem directly reduces utility demand for the BLAST token, applying persistent downward pressure on its price.

3. Persistent Sell Pressure (Bearish Impact)

Overview: The network underwent a major token unlock in July 2025, releasing over 10 billion BLAST tokens into circulation (CCN). This significantly increased the available supply during a period of weak demand.

What this means: Token unlocks provide early investors, contributors, and team members with liquid tokens, often leading to sell-offs to realize profits. This influx of supply, without a corresponding increase in buying demand, creates a persistent overhang that can suppress price rallies for extended periods, contributing to the current downtrend.

Conclusion

Blast's price is being pressured by a combination of technical weakness, a fundamental collapse in network usage, and ongoing sell pressure from earlier token unlocks. For holders, this suggests the downtrend may continue until a significant catalyst improves network fundamentals or buying volume absorbs the excess supply.

Key watch: Monitor any changes in Blast's TVL and daily active users for signs of ecosystem stabilization, alongside the price's ability to reclaim the $0.000770 resistance level.

Deep Dive

1. Technical Momentum (Bullish Impact)

Overview: BLAST’s price at $0.000776 is above its 7-day ($0.000748) and 30-day ($0.000766) simple moving averages (SMAs), indicating short-term bullish momentum. The RSI readings around 47 are neutral, showing no overbought pressure yet.

What this means: Breaking above near-term SMAs often signals a shift in sentiment, prompting momentum traders to enter. The neutral RSI suggests there’s room for further upside before the rally becomes overextended, supporting continued buying in the very short term.

What to look out for: Watch if the price can hold above the 30-day SMA (~$0.000766), as a break below could signal the momentum is fading.

2. Airdrop & Community Engagement (Bullish Impact)

Overview: Blast’s Stage 2 airdrop, running until June 2025, allocates 100 billion BLAST tokens to users earning Blast Points and Blast Gold through on-chain activity and dapp interactions. Recent social sentiment highlighted a “TOP BLAST” rally call.

What this means: Airdrop campaigns incentivize users to hold and use the network rather than sell, creating temporary buy-side pressure. Increased community chatter, as noted in a Cryptonewsland report on June 3, 2025, can drive short-term speculative interest and volume, which rose 17.64% alongside the price.

What to look out for: Monitor whether the surge in daily active users and trading volume is sustained beyond the immediate airdrop farming period.

3. Underlying Network Weakness (Bearish Context)

Overview: Despite the 24h gain, Blast’s core metrics remain deeply negative. Its DeFi Total Value Locked (TVL) has collapsed 97% from its June 2024 peak to ~$65 million as of late August 2025, and daily active users have plummeted from 77,000 to about 3,500.

What this means: This rally appears technically driven and lacks fundamental support from network growth or capital inflows. The severe TVL decline reflects a loss of user trust and capital flight following an underwhelming token launch, creating a high risk that any price gains could reverse quickly if selling pressure resumes.

What to look out for: Any further decline in TVL or news of major dapps leaving the ecosystem would likely negate short-term price strength.

Conclusion

The 24h price rise is primarily a technical bounce fueled by airdrop incentives and short-term trader interest, set against a backdrop of severe network decline. For holders, this suggests cautious optimism—the move may extend if volume holds, but the long-term outlook remains clouded by fundamental weakness.

Key watch: Can the 24h trading volume surge (over $23.8 million, up 604%) be sustained, or will it retreat to prior levels, signaling the rally is fleeting?