Market Overview: MOBOX/Tether (MBOXUSDT) - 24-Hour Price Action and Technical Signals

Summary
• Price declined from 0.0324 to 0.0323 amid heavy selling pressure in late ET hours.
• Volatility increased as the 5-minute Bollinger Bands expanded significantly after 14:45 ET.
• A bullish engulfing pattern formed at 0.0322 around 09:45 ET, but it failed to hold.
• Momentum weakened with RSI dipping below 40 and volume declining in the final hours.

MOBOX/Tether (MBOXUSDT) opened at 0.0323 on 2026-01-12 at 12:00 ET, reaching a high of 0.0328 and a low of 0.0316, before closing at 0.0323 at 12:00 ET on 2026-01-13. Total volume traded was approximately 10,303,581.5, with a notional turnover of $321,654.00.

Structure & Formations

Price action revealed key resistance at 0.0328 and support at 0.0322, with a notable bearish breakdown below 0.0324 after 15:30 ET. A bearish engulfing pattern emerged around 15:30 ET as price closed at 0.0326 after opening at 0.0329, indicating potential continuation of downward momentum. A doji formed at 0.0323 around 09:15 ET, suggesting indecision among traders.

Moving Averages and MACD

The 5-minute 20/50 EMA crossover remained negative throughout, reinforcing bearish bias. The MACD line crossed below the signal line just before 13:00 ET, confirming bearish momentum. The daily 50/100/200 EMA crossover showed mixed signals, with the 50 EMA crossing below the 100 EMA, signaling potential further downside.

RSI and Bollinger Bands

RSI dipped into oversold territory briefly at 0.0316 around 21:00 ET but failed to rally meaningfully, indicating weak buying interest. Bollinger Bands expanded sharply between 13:45 and 16:00 ET as price surged from 0.0326 to 0.0331, signaling increased volatility.

Volume and Turnover

Volume spiked to over 802,227 at 13:45 ET, coinciding with a price rally to 0.0328. However, turnover and volume both declined after 15:30 ET as price fell below key support at 0.0324. A divergence between rising price and falling volume was observed around 09:45 ET, suggesting weak conviction behind the bullish move.

Fibonacci Retracements

On the 5-minute chart, price retested the 61.8% retracement level of the 0.0324–0.0316 swing at 0.0320 before rebounding. On the daily chart, the 61.8% level of the recent uptrend remains at 0.0324, which could serve as a critical area for near-term buyers.

Looking ahead, MBOXUSDT appears poised to test key support at 0.0320 in the next 24 hours. A close below that level may trigger a retest of the 0.0316 low from earlier in the week. Investors should monitor volume and RSI for signs of a potential reversal or extended bearish move.