Market Overview: MovieBloc/Tether (MBLUSDT) 24-Hour Summary (2025-10-17)

• MovieBloc/Tether (MBLUSDT) closed near session lows, down 0.000016 (1.03%) from open to close.
• Price formed bearish engulfing and dark cloud cover patterns around 0.00155–0.001546.
• Volatility expanded into the latter half of the session with a 0.000026 range.
• Turnover remained elevated in the second half, but volume declined, suggesting reduced conviction.
• RSI and MACD signaled bearish momentum, with RSI dipping into oversold territory.

MovieBloc/Tether (MBLUSDT) opened at 0.001571 on 2025-10-16 at 12:00 ET and closed at 0.001479 on 2025-10-17 at 12:00 ET, with a high of 0.001570 and a low of 0.001416. Total 15-minute volume reached 206,854,105.0 and notional turnover amounted to $308.63 million over the 24-hour window. The pair saw a significant downtrend, with price falling into oversold RSI territory and closing below key intraday support levels.

Structure and formations over the 24-hour period revealed a series of bearish candlestick patterns, including a large bearish engulfing pattern around 0.00155–0.001546 and a dark cloud cover on the 0.00157–0.001553 swing. These patterns suggest rejection of higher levels and bearish continuation. Price action remained below the 50-period and 20-period moving averages for most of the session, reinforcing the bearish bias.

Momentum indicators confirmed the downtrend: the MACD crossed below the signal line, forming a bearish crossover, while the RSI dipped below 30, indicating oversold conditions. However, the RSI remained in oversold territory without a strong bounce, suggesting lingering bearish sentiment. Volatility expanded during the late session, with a low of 0.001416, and price remained outside the lower Bollinger Band, signaling a continuation of the downward trend.

Fibonacci retracement levels from the key 0.001570–0.001416 move showed support at the 61.8% level near 0.001470, which the price touched before bouncing slightly. Volume remained elevated in the second half of the session but declined in the final hours, suggesting some exhaustion in the selling wave. If the price fails to reclaim 0.001500 in the next 24 hours, the next support lies at 0.001450. Investors should monitor for a rejection at these levels or a potential reversal signal such as a bullish engulfing pattern.

Backtest Hypothesis
The technical analysis above aligns with a potential long-entry backtesting strategy using MACD crossovers. A 24-hour long position initiated at each MACD death-cross (negative crossover) during 2022–2025 could provide valuable performance metrics. For example, if the correct ticker for the Harbor Alpha Layering ETF is confirmed (likely “HOLD”), the MACD series can be extracted to identify every death-cross signal. A backtest would then measure the average return, win rate, and risk-reward ratio for each entry. Given the bearish momentum seen on MBLUSDT, the inverse of this strategy—shorting on death-crosses—might yield better returns on highly liquid pairs like this. Once the correct ticker is provided, I can proceed with a detailed backtest report.