Market Overview for MovieBloc/Tether (MBLUSDT) – 24-Hour Analysis

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Tuesday, Nov 11, 2025 10:44 pm ET2min read
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- MBLUSDT traded $0.001377–$0.00147 on Nov 10, closing at $0.001372 with 141.2M volume.

- Technical indicators show bearish bias: engulfing pattern, below MA lines, and overbought RSI reversal.

- 61.8% Fibonacci retracement at $0.001369 signals potential short-term bottom or continued decline.

- Backtested RSI/MACD short strategy shows +6.85% return but weak risk-adjusted performance (Sharpe 0.17).

- Current bearish setup suggests further selling below $0.001369, with cautious optimism for rebounds above $0.001405.

Summary
• MBLUSDT opened at $0.001377, reached $0.00147, and closed at $0.001372.
• Volatility surged in the 14:15–14:30 ET window with a high of $0.00147 and a pullback to $0.001389.
• Average 15-min volume is ~22 million, with total 24-h volume of 141.2 million and turnover of ~$0.197.

MovieBloc/Tether (MBLUSDT) opened at $0.001377 on 2025-11-10 at 12:00 ET, reached a high of $0.001470 by 14:15 ET, and closed at $0.001372 at 12:00 ET the following day. Total trading volume for the 24-hour period was approximately 141.2 million, with a notional turnover of roughly $0.197.

Price action shows a clear short-term bearish bias, as the asset retested and fell below key 15-min and daily support levels. A bearish engulfing pattern formed at the session’s high, confirming the reversal. The 20- and 50-period moving averages on the 15-min chart are both below the price, reinforcing the downtrend. The 50-period daily MA remains a critical level to watch, as the price has failed to hold above it multiple times over the past 48 hours.

Momentum and Volatility Indicators

Relative Strength Index (RSI) on the 15-min chart has remained in overbought territory for a brief period before the sharp correction, signaling a potential top. The MACD crossed into negative territory with bearish divergence, suggesting weakening upward

momentum
. Bollinger Bands show a recent widening phase, indicating rising volatility, with price near the lower band at the 24-h close. This pattern is typical in consolidation or reversal phases.

A bearish divergence is visible in the volume profile, as the strongest price rally (up to $0.001470) was supported by relatively normal volume, but the subsequent sell-off occurred with sharply elevated volume. This confirms bearish conviction among traders. Fibonacci retracement levels on the recent 15-min swing show that the price has fallen to 61.8% of the rally from $0.00137 to $0.00147, suggesting a possible near-term bottom or a continuation of the downtrend if the level is broken.

Backtest Hypothesis

The provided backtest of the “RSI Overbought & MACD Death-Cross Short” strategy reveals a modest positive return of +6.85% over three years but with a high risk profile. The 22.28% maximum drawdown and low Sharpe ratio of 0.17 suggest that the strategy is not significantly better than passive alternatives. While the average win-to-loss ratio is favorable, the overall edge is weak. Given the current overbought RSI and bearish MACD crossover observed in today’s 15-min data, the strategy would have generated a short signal consistent with the recent price action. However, based on the backtest’s poor risk-adjusted return, investors may want to consider adding trend filters or tightening stop-loss levels to improve risk control.

Forward Outlook and Risk Consideration

Looking ahead, MBLUSDT appears to remain in a bearish phase, with support currently at $0.001369 and resistance at $0.001402. A break below the 61.8% Fibonacci level could trigger further selling. However, traders should remain cautious about mean reversion if volume dries up after the recent outflow. A sharp rebound above $0.001405 could reintroduce short-term bullish momentum, but bearish indicators are still dominant.