Market Overview: Mobox (MBOXUSDT) 24-Hour Technical Summary

• Mobox (MBOXUSDT) declined 1.85% over 24 hours, driven by increased bearish momentum.
• Key support tested around $0.0580–$0.0585, with a potential reversal attempt forming.
• Volume surged in the early morning (ET), confirming downward price action.
• RSI and MACD suggest oversold conditions may trigger near-term bounce.
• Bollinger Bands widened, indicating rising volatility amid a consolidation attempt.

Mobox (MBOXUSDT) opened at $0.0621 on 2025-08-17 12:00 ET, reached a high of $0.0623, and closed at $0.0584 on 2025-08-18 12:00 ET, with a low of $0.0567. Total volume was 14,091,785.1 and turnover reached $829,027.10.

Structure & Formations

A sharp bearish move from $0.0623 to $0.0567 defined the 24-hour range, with key support levels identified at $0.0585 and $0.0575. A potential bullish engulfing pattern formed at the $0.0581–$0.0583 level during the early morning hours. A doji at $0.0584 on 08:45 ET suggests a temporary equilibrium, while descending triangles indicate potential for further pullbacks if $0.0580 is retested.

Moving Averages

On the 15-minute chart, price closed below both the 20 and 50-period moving averages, signaling bearish momentum. The 50-period line at ~$0.0595 and the 100-period at ~$0.0597 on the daily chart suggest a potential pivot point for short-term buyers. Price is currently hovering below the 200-period MA (~$0.0601), indicating a prolonged bearish phase.

MACD & RSI

MACD remains in negative territory with a bearish crossover, reflecting continued selling pressure. RSI dropped below 30 for much of the session, entering oversold territory, suggesting a potential countertrend bounce. However, RSI divergence with price during the late morning suggests caution before assuming a reversal.

Bollinger Bands

Volatility expanded significantly following the breakdown of key support levels, with Bollinger Bands widening to reflect increased uncertainty. Price closed near the lower band at ~$0.0584, indicating oversold conditions and potential for a near-term rebound within the $0.0580–$0.0590 range.

Volume & Turnover

Volume spiked between 02:00 and 05:00 ET, aligning with the sharp move to $0.0567. Turnover increased in tandem, confirming the strength of bearish sentiment. A divergence appears in the later hours as price stabilized with volume decreasing, signaling a potential equilibrium in the short term.

Fibonacci Retracements

The 38.2% Fibonacci retracement level at $0.0596 and the 61.8% level at $0.0589 appear to offer key psychological barriers for a potential rebound. On the daily chart, the 61.8% level from the $0.0623 high to $0.0567 low aligns with $0.0590, suggesting a possible pivot if the consolidation continues.

In the next 24 hours, Mobox could see a bounce between $0.0585 and $0.0595, driven by oversold RSI and a potential breakout from the descending triangle. However, a retest of $0.0575 remains a key risk if bearish momentum continues. Investors should monitor volume and RSI for confirmation of a reversal or deeper correction.