Market Overview for MovieBloc/Tether (MBLUSDT) – October 13, 2025

• MovieBloc/Tether (MBLUSDT) opened at $0.00157 and closed at $0.001622, surging +3.3% on strong volume and momentum.
• Price formed a bullish continuation pattern above 0.00160, with 61.8% Fibonacci level and 20-period MA offering solid near-term support.
• RSI hit overbought territory (72) at peak, suggesting potential pullback, but MACD remains positive with strong divergence.
• Volatility expanded on Thursday morning breakouts, with Bollinger Bands showing a recent widening from consolidation.
• Turnover spiked to $98.6M as price tested 0.00163–0.00166 resistance; volume confirmed the move, but a reversal is possible.

MovieBloc/Tether (MBLUSDT) opened at 0.00157 at 12:00 ET on October 12, surged to a high of 0.00166, and closed at 0.001622 at 12:00 ET on October 13. Total traded volume for the 24-hour period was approximately 794,652,283.0, with a notional turnover of $126.8M. The pair appears to be consolidating near a key psychological level, with a mix of bullish continuation and potential exhaustion patterns emerging.

Structure & Formations

The price action displayed a clear bullish continuation pattern, particularly after forming a bullish engulfing pattern at 0.001612–0.001613 on the morning of October 13. A key support level at 0.00160–0.001615 was tested twice without a breach, indicating strong buying pressure. On the higher timeframe, the 0.001615–0.001630 range is acting as a critical area for potential breakout or reversal. A doji at 0.001627 (10:15 ET) suggests indecision, and traders should watch for a follow-through move above 0.00164 or a retest of the 0.00160 level for confirmation of trend strength.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are aligned and trending upward, suggesting the pair is in a short-term bullish phase. On the daily chart, the 50-period MA is approaching the 100-period MA from above, indicating potential bullish momentum. However, the 200-period MA is still below the price, suggesting that the longer-term bearish bias remains intact. Traders may monitor crossovers in the next 24 hours as a signal of potential trend acceleration or reversal.

MACD & RSI

The MACD is positive and trending upward, showing strong bullish momentum, with the signal line lagging behind the histogram. RSI reached 72 at the peak of the day, indicating overbought conditions. This may suggest a potential pullback, but the divergence in the MACD and the bullish continuation patterns indicate that the uptrend could continue. A breakdown below the 0.00160 level would likely trigger a deeper correction, with 0.001575 as the next key support.

Bollinger Bands

Volatility expanded significantly during the morning hours of October 13, with price breaking above the upper Bollinger Band at 0.001630. This move followed a period of consolidation within the bands. The widening of the bands suggests increased uncertainty and potential for either a continuation or reversal. Traders may look for a retest of the lower band at 0.00160–0.00161 as a key level to confirm whether the current move is a true breakout or a false signal.

Volume & Turnover

Volume surged during the morning breakouts, with the peak occurring at 10:15 ET when price reached 0.001637. Total turnover for the 24-hour period was $126.8M, indicating strong participation. The volume profile aligns well with price movement, suggesting institutional involvement. A divergence between rising volume and declining price could signal weakness, but for now, the volume supports the bullish momentum. Traders should watch for any divergence in the next 24 hours as a sign of potential trend exhaustion.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.00160–0.00164 swing from earlier in the day, the 0.001613–0.001615 level (38.2% retrace) appears to be acting as a key support zone. A breakdown below this level could bring the 0.001600 (50% retrace) into play, while a strong close above 0.00164 would indicate a move toward the 61.8% retrace at 0.001650. On the daily chart, the 61.8% level at 0.00164 is forming as a potential target for the near term, with a break above this level indicating a higher probability of continuation.

Backtest Hypothesis

Given the recent momentum and overbought conditions, a backtest strategy could be applied to evaluate the effectiveness of entering on a pullback into key Fibonacci and moving average levels. A practical approach would involve generating buy signals on RSI-oversold conditions (RSI < 30) with volume confirmation, holding for 3 trading days, and assessing returns. Applying this strategy to the current price structure could help refine entry and exit timing in volatile crypto environments.