Market Overview for MovieBloc (MBLUSDT) – 24-Hour Technical Summary

• MovieBloc (MBLUSDT) rose from 0.002453 to 0.002565, forming a bullish breakout pattern.
• Volume surged to 24.99 million at 16:00 ET, confirming strength in the final hour.
• RSI climbed to 68, suggesting momentum remains strong but not yet overbought.
• Price broke above a key resistance at 0.00251, now targeting 0.00254–0.00258.
• Bollinger Bands widened, indicating increased volatility in the final hours of the session.

MovieBloc (MBLUSDT) opened at 0.002453 on July 19 at 12:00 ET and closed at 0.002565 on July 20 at 12:00 ET, with a high of 0.002582 and a low of 0.002449. Total volume reached 249.96 million, and notional turnover totaled approximately $633,526 over 24 hours.

Structure & Formations

Price broke out of a tight consolidation range after forming a bullish engulfing pattern on the 15-minute chart at 19:30–20:00 ET. A key resistance level at 0.00251 was decisively breached, with follow-through buying pushing price toward 0.002565. A bearish reversal pattern emerged briefly at 00:15 ET, but it was quickly negated by renewed buying pressure.

Moving Averages

On the 15-minute chart, price closed above both the 20-period and 50-period SMAs, suggesting short-term bullish bias. On the daily chart, assuming a 50-period SMA at 0.00248 and a 200-period SMA at 0.00244, price appears to be in a multi-day upward trend.

MACD & RSI

MACD turned positive after 19:00 ET and remained above the signal line through the close, confirming bullish momentum. RSI reached 68 at the close, indicating strong but not extreme buying pressure. There were no clear overbought conditions, but a pullback to 55–60 could consolidate the move.

Bollinger Bands

Volatility expanded in the final 3 hours of the session, with the upper band reaching 0.00259 and the lower band at 0.00253. Price closed near the upper band, suggesting overbought conditions could emerge if the rally continues.

Volume & Turnover

Volume spiked at 16:00 ET with a 24.99 million trade, coinciding with a 0.002565 high. Turnover increased in tandem, showing no divergence between price and volume. The final 3 hours saw a 15% increase in volume compared to the prior 6 hours, reinforcing the strength of the breakout.

Fibonacci Retracements

Applying Fibonacci to the 15-minute move from 0.002449 to 0.002582, the 61.8% retracement level is at 0.002527 and the 78.6% level is at 0.002554. Price closed just below the 78.6% level, suggesting a potential pause or consolidation before testing the 0.002582 high again.

MovieBloc appears well-positioned for a continuation of the upward move, with key support at 0.00251 and resistance at 0.002582. A test of these levels may occur in the next 24 hours, but caution is warranted if volume fails to confirm any further gains.