Market Overview for MOBOX/Tether (MBOXUSDT) on 2025-10-04

• MOBOX/Tether traded lower over the last 24 hours, closing near support with moderate volume.
• Price formed a bearish engulfing pattern at 0.0605–0.0599 and tested key support at 0.0589–0.0586.
• RSI entered oversold territory, while volume surged during the 17:15–23:45 ET sell-off.
• Bollinger Bands tightened prior to a sharp decline, indicating a potential continuation of the bearish trend.
• Turnover confirmed the price move, with 1.07M USDT transacted during the 17:15 ET sell-off.

MOBOX/Tether (MBOXUSDT) opened at 0.0596 on 2025-10-03 at 12:00 ET and closed at 0.0584 on 2025-10-04 at 12:00 ET, registering a 24-hour high of 0.0605 and a low of 0.0582. Total volume amounted to 14.8M MOBOX, with notional turnover reaching $889,500. Price action suggests a bearish shift amid increased volatility and key pattern formations.

Structure & Formations

Price action displayed a clear bearish bias throughout the 24-hour period, with MOBOX/Tether forming a bearish engulfing pattern at 0.0605–0.0599 and a potential bearish harami around 0.0593–0.0590. A doji formed at 0.0589 on 2025-10-04 at 01:45 ET, signaling indecision. Key support levels include 0.0589 and 0.0586, while resistance is at 0.0592 and 0.0595. The formation of a 15-minute bearish flag between 0.0594 and 0.0586 suggests a potential continuation of the downtrend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages intersected near 0.0594–0.0595, forming a potential death cross. The daily chart shows the 50-period MA above the 200-period MA, suggesting a longer-term bearish trend. Price closed below all key MAs, reinforcing a short-term bearish outlook.

MACD & RSI

The MACD line turned negative and remained below the signal line, indicating bearish momentum. RSI dropped below 30 during the 00:30–04:00 ET window, signaling an oversold condition. However, a failure to rebound suggests exhaustion of buyers. The divergence between RSI and price near 0.0589 raises concerns about further downside.

Bollinger Bands

Volatility increased as price expanded beyond the lower Bollinger Band between 0.0586 and 0.0582, indicating a breakout. A prior contraction at 0.0590–0.0594 preceded the sell-off, suggesting a continuation of the move lower. Price remains in bearish territory relative to the bands.

Volume & Turnover

Volume surged during the 17:15–19:45 ET sell-off, with a spike at 0.0599 (1.07M USDT) and again at 0.0589 (608,921 USDT). Turnover confirmed the price move, particularly between 0.0599 and 0.0589. A divergence between price and turnover appeared near 0.0589, suggesting waning bearish conviction.

Fibonacci Retracements

The 38.2% and 61.8% Fibonacci retracement levels were at 0.0591 and 0.0584 respectively, aligning with key support levels. The price tested the 61.8% level and failed to rebound, reinforcing the bearish bias.

Backtest Hypothesis

Applying a momentum-following strategy that enters short positions when RSI < 30 and price breaks below the 50-period MA, with a stop-loss at the most recent swing high and a target at 61.8% Fibonacci level, appears to align with the recent bearish action. This approach would have captured the drop from 0.0605 to 0.0584, with a risk-to-reward ratio of approximately 1:1.3. The strategy could be refined with volume filters to avoid false signals during periods of low conviction.