Market Overview for MovieBloc/Tether (MBLUSDT): 2025-10-12

• MovieBloc/Tether (MBLUSDT) declined from 0.001572 to 0.001527, signaling bearish pressure.
• Volatility expanded during the early ET hours, with a sharp drop below 0.00155.
• RSI entered oversold territory near 30, suggesting potential for a near-term bounce.
• Bollinger Bands widened after the morning selloff, indicating a possible trend continuation or consolidation.
• Volume spiked during the drop below 0.00155, confirming bearish momentum for part of the session.

MovieBloc/Tether (MBLUSDT) opened at 0.001565 at 12:00 ET − 1 and reached a high of 0.001582 before declining to a 24-hour low of 0.001467, closing at 0.001527 at 12:00 ET. The total volume over the 24-hour period was 3,081,861,614.0, with a notional turnover of approximately $4,768,743.

Structure & Formations

Key resistance is forming near 0.001570–0.001582, a zone previously tested and rejected during the early afternoon ET hours. Strong support appears to be at 0.001505–0.001520, where price consolidated multiple times in the overnight session. A bearish engulfing pattern formed around 0.001565–0.001556 in the early morning, signaling a potential continuation of the downtrend. A doji at 0.001499–0.001503 in the early ET hours may indicate indecision and potential for a short-term reversal or consolidation.

Moving Averages

Price remained below the 50-period moving average for the majority of the session, with the 20-period line fluctuating around 0.001515–0.001530. The 15-minute chart saw a slight crossover above the 20-period line near the close of the session, suggesting possible short-term strength. On the daily chart, MBLUSDT remains below the 100- and 200-period lines, reinforcing the bearish bias.

MACD & RSI

The MACD line turned positive near the close of the session, with a histogram showing a small divergence, potentially hinting at a short-term bounce. RSI has been in oversold territory (30–25) since the morning, indicating that a short-term rebound may be due. However, without a strong upward close, bearish momentum could persist.

Bollinger Bands

Bollinger Bands expanded significantly during the early ET hours following the sharp drop below 0.001550. Price remained near the lower band for much of the session, confirming bearish momentum. A slight retest of the middle band in the final hours suggests some accumulation, though it remains to be seen whether this is a meaningful reversal or a temporary bounce.

Volume & Turnover

Volume spiked during the early ET hours when price fell below 0.001550, confirming bearish momentum. Turnover increased in the morning as well, with a peak at 0.001535–0.001511. Later, during the overnight session, volume declined, suggesting a pullback in selling pressure. A divergence between price and volume in the late ET hours may hint at weakening bearish conviction.

Fibonacci Retracements

Fibonacci levels from the 0.001582–0.001467 swing show 38.2% at 0.001544 and 61.8% at 0.001505. Price tested the 61.8% level multiple times in the overnight and early ET hours, failing to hold above it. This reinforces the bearish bias and points to potential continuation below 0.001505 if the trend persists.

Backtest Hypothesis

A potential backtest strategy could involve a short entry near the 61.8% Fibonacci level (0.001505) with a stop above the 38.2% level (0.001544). A close above the 50-period moving average could serve as an exit trigger for short positions, while the MACD divergence near the close may suggest a low-risk long entry for countertrend traders. This approach could be tested with 15-minute data over the past three weeks to assess win rate and risk-reward ratio.