Market Overview for MOBOX/Tether (MBOXUSDT)

Summary
• Price declined sharply after a brief 0.0324 resistance test, ending near 0.0316.
• Volume surged during the selloff, confirming bearish momentum with no clear reversal signs.
• Bollinger Bands showed volatility expansion, with price hovering near the lower band.

MOBOX/Tether (MBOXUSDT) opened at 0.0323 on January 15, 2026, hit a high of 0.0325, and closed at 0.0316 on January 16. Total 24-hour volume was 10,199,624.8 and turnover was 318,526.75.

Structure & Formations

The price formed a bearish breakout below key support at 0.0316, confirmed by a large bearish candle at 18:00 ET. A series of lower highs and lower closes following this level suggests a continuation of the downtrend. A potential short-term support may form near 0.0314.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed lower, reinforcing the bearish bias. On the daily chart, the 200-period MA acts as a long-term resistance, and the price remains below it, indicating a broader bearish trend.

Momentum Indicators

The RSI fell into oversold territory near 0.0316, but a rebound failed to form a bullish divergence, suggesting further downside could follow. MACD turned negative with a bearish crossover, aligning with the price decline.

Volatility & Bollinger Bands

Volatility expanded as the price dropped to the lower Bollinger Band, indicating a period of heightened selling pressure. The band width widened in the late evening, typical of a trend continuation setup.

Volume & Turnover

Volume spiked during the 18:00–22:00 ET window, coinciding with the price drop, confirming bearish momentum. Notional turnover also increased during this period, suggesting strong participation in the sell-off. No clear divergence between volume and price was observed, supporting the bearish narrative.

The market appears to be in a short-term bearish phase, with key support levels likely to be tested in the coming 24 hours. A break below 0.0314 could trigger further downward momentum, but traders should remain cautious of potential volatility due to low RSI readings.