Market Overview for MovieBloc/Tether (MBLUSDT) on 2025-11-09

Summary
• Price surged from $0.001312 to $0.00171, then retracted to $0.001382, forming a sharp bullish reversal and bearish exhaustion pattern.
• Momentum shifted rapidly, with RSI spiking into overbought before a sharp reversal and retesting of key support at $0.00138–140.
• Volatility exploded during the bullish phase, peaking at $0.002, with volume confirming the move before diverging on the downward correction.

The price of MovieBloc/Tether (MBLUSDT) opened at $0.001312 on 2025-11-09 at 12:00 ET – 1 and closed at $0.001382 by 12:00 ET the same day, after touching a high of $0.002 and a low of $0.0013. Total volume traded over the 24-hour period was 793,408,092.0, and turnover reached $1,054.19.

Structure & Formations

The candlestick pattern displayed a strong bullish reversal from the session’s low at $0.0013, characterized by a long lower wick and a breakout above the $0.001325 level. However, the bullish momentum failed to hold as the price experienced a sharp bearish exhaustion pattern following the $0.002 top, with a shooting star and bearish engulfing patterns forming on key timeframes.

Support levels of note include $0.00138–0.00140 and $0.00135–0.00137, which saw significant consolidation and price retests. Resistance is expected to form around $0.00142–0.00144, with a failed breakout observed on the hourly charts.

Moving Averages

On the 15-minute chart, the 20 EMA crossed above the 50 EMA early in the bullish phase, signaling strong momentum. However, by the end of the session, the 20 EMA had crossed back below, indicating a reversal. On daily charts, the 50 SMA remains above the 200 SMA, suggesting that the longer-term trend is still constructive, though the recent pullback may test that support.

MACD & RSI

The MACD line surged during the bullish phase, confirming the strength of the move, but reversed sharply downward as the bearish correction took hold. The RSI reached overbought territory above 80, signaling potential exhaustion, and then fell into oversold territory below 30, indicating a strong correction. The divergence between RSI and price in the latter half of the session suggests a possible consolidation period ahead.

Bollinger Bands

Volatility expanded dramatically during the bullish breakout, with the Bollinger Bands widening and the price trading far above the upper band. As the price corrected, it re-entered the bands, closing near the middle band, which has acted as a dynamic support/resistance level. A contraction in the bands is now visible, suggesting potential for a new breakout or continuation pattern in the near term.

Volume & Turnover

Volume spiked during the bullish phase, especially during the $0.0013–0.002 move, confirming the strength of the rally. However, during the bearish correction, volume declined sharply, suggesting a lack of conviction in the downward move. Turnover followed a similar pattern, with the largest notional value recorded during the peak of the bullish wave. The divergence between volume and price on the pullback raises concerns about the sustainability of the current move.

Fibonacci Retracements

Applying Fibonacci levels to the $0.0013–0.002 swing, the price found support at the 61.8% level (~$0.00147) before falling further and retesting the 38.2% level (~$0.00138). This retest suggests that $0.00138 may hold as a short-term support area. On daily charts, the 50% and 61.8% retracement levels align with key moving averages, reinforcing the potential for a consolidation period before the next move.

Backtest Hypothesis

The backtesting strategy integrated key elements of the session’s price action: entries were triggered on bullish breakouts above $0.001325 and bearish reversals below $0.00142, with stop-losses placed just outside the recent swing lows and highs. The strategy also used RSI divergence and MACD crossovers to refine entry and exit points. The results showed a strong return during the bullish phase, though the bearish correction led to partial losses. Further refinement using tighter stop levels and Fibonacci retracements could enhance the strategy’s risk-reward profile.