Summary
• MOBOX/Tether (MBOXUSDT) formed a bearish divergence with volume, reinforcing downward pressure.
• Price action hit key support at 0.0315, triggering a bounce but failing to confirm a reversal.
• MACD and RSI indicate weakening momentum with RSI hovering near oversold territory.
• Volatility surged mid-day, with Bollinger Bands widening ahead of a consolidation phase.
• Fibonacci retracements suggest 0.0324 and 0.0328 as potential turning points in the near term.
At 12:00 ET on 2025-12-14, MOBOX/Tether (MBOXUSDT) opened at 0.033 and traded between 0.0335 and 0.0311, closing at 0.0329 by 12:00 ET the next day. Total 24-hour volume reached 9,296,186.2, with turnover at $297,022.4.
Structure & Formations
Price carved a bearish flag pattern during the afternoon session, with a sharp drop to 0.0315 triggering a rebound. A hammer candle at 0.0315 failed to confirm a reversal, while 0.0328 and 0.0324 acted as immediate resistance and support. A bullish engulfing pattern emerged briefly in the overnight hours, but it lacked the volume to confirm conviction.
Moving Averages
Short-term 20- and 50-period 5-minute moving averages trended lower, with the price hovering just above the 50SMA. On the daily chart, the 50DMA and 100DMA converged near 0.0330, suggesting potential for a directional shift if the price holds above this level.
MACD & RSI
The MACD line dipped into negative territory late in the session, signaling bearish momentum. RSI hovered near oversold conditions (around 32), indicating limited near-term upside unless a bullish catalyst emerges.
Bollinger Bands
Volatility expanded significantly during the sell-off into 0.0315, with Bollinger Bands widening to 0.0006. Price found refuge near the lower band before retracing, but it remains within the band, suggesting no immediate breakout is likely.
Volume & Turnover
Volume spiked to over 2.2 million during the midday sell-off, coinciding with a sharp drop in price. Turnover also surged, confirming the intensity of the move. However, volume during the rebound was relatively weak, highlighting bearish control.
Fibonacci Retracements
Fibonacci retracements from the high of 0.0335 to the low of 0.0315 identified key levels at 0.0324 (38.2%) and 0.0328 (61.8%), both of which acted as temporary turning points during the session.
MOBOX/Tether could test the 0.0324 support again in the next 24 hours, with a break below potentially accelerating the downward trend. Investors should watch for a bullish reversal pattern or a rejection above 0.0328, though volatility remains a risk.
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