MovieBloc/Tether 24-Hour Market Overview

• Price climbed from 0.00189 to 0.001961, closing at 0.001936, showing strong bullish momentum.
• RSI crossed into overbought territory, while MACD showed a bullish crossover.
• Volatility surged during the peak at 0.001961, followed by a sharp correction.
• Bollinger Bands expanded significantly, suggesting a period of heightened price swings.
• Volume remained consistently above average, confirming trend strength during key price moves.

The MovieBloc/Tether pair (MBLUSDT) opened at 0.00189 at 12:00 ET–1 on 2025-09-26 and surged to an intraday high of 0.001961 before retreating to a close of 0.001936 at 12:00 ET on 2025-09-27. Total volume during the 24-hour period was 1,001,243,613.0, with notional turnover at $1,902.24 (calculated as volume × average price). The price action displayed a strong bullish bias, with the 0.001961 level acting as a key short-term peak.

Structure & Formations

The daily price structure revealed a clear bullish breakout from 0.00189–0.001912, followed by a retest of that range after the 0.001961 high. Notable candlestick formations included a Bullish Engulfing pattern at the open and a Bullish In-Neck pattern as price pulled back from 0.001961. A Hanging Man formed at 0.001958 during the post-peak consolidation, suggesting a potential reversal point. Key support levels to watch include 0.001925, 0.001932, and 0.00194, while resistance includes 0.00195, 0.001961, and 0.00197.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA at around 0.001905, signaling a short-term bullish crossover. The 50-period MA on the daily chart has remained below the 200-period MA, indicating a slightly bearish trend for the longer-term context. However, recent price action has begun to close above the 50-period daily MA, suggesting a possible intermediate-term reversal.

MACD & RSI

The 15-minute MACD turned bullish during the breakout, with a positive crossover occurring near 0.001905. The histogram showed a peak at 0.001961 and then began to contract during the pullback, indicating weakening momentum. The RSI climbed above 70, entering overbought territory, but failed to sustain above that level, suggesting potential bearish pressure. RSI divergence between price and momentum is becoming more evident as the 15-minute MACD begins to flatten.

Bollinger Bands

Bollinger Bands widened significantly during the breakout phase, with price closing near the upper band at 0.001961. The subsequent pullback saw price fall back into the middle of the bands, with the lower band stabilizing around 0.001932–0.00194. The widening bands suggest increased volatility, which may persist into the next 24 hours.

Volume & Turnover

Volume remained above average throughout the 24-hour period, with a sharp spike near the peak at 0.001961. Notional turnover also spiked during this period, confirming the strength of the price move. However, volume began to wane during the pullback, which may signal weakening bullish conviction. Divergence between price and volume is a concern for those holding long positions.

Fibonacci Retracements

Fibonacci levels on the 15-minute chart suggest 0.001937 (38.2%) and 0.001946 (61.8%) as key retracement levels during the pullback from 0.001961. The daily chart’s 61.8% retracement level aligns closely with 0.00194–0.00195, which has acted as a magnet for price. A break below 0.001935 would likely see price test the 0.001925–0.001932 range.

Backtest Hypothesis

The backtest strategy focuses on combining the 15-minute MACD crossover with volume confirmation and Fibonacci retracement levels to identify high-probability entries. A long entry is triggered when the 15-minute MACD crosses above zero and volume increases by 20% above the 20-period average, with a stop-loss placed below the 61.8% Fibonacci level from the most recent swing high. The strategy assumes that the breakout from the 0.001925–0.00194 consolidation area has high potential for continuation, provided the 0.001961 high remains intact.