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Summary
• Price surged above 0.001165 before consolidating near 0.00117.
• Volume spiked after midnight, confirming strength in the upper channel.
• RSI near 60 suggests moderate momentum, not overbought.
• Bollinger Bands widened after the early morning rally, signaling increased volatility.
• A bullish engulfing pattern formed near 0.001166–0.00117.
MovieBloc/Tether (MBLUSDT) opened at 0.001158 on 2025-12-24 12:00 ET, reached a high of 0.001177, a low of 0.001152, and closed at 0.001171 on 2025-12-25 12:00 ET. Total volume traded was 153,845,160. Total turnover was $175,943.
Structure & Formations
Price tested key resistance levels around 0.001165 and 0.00117, breaking through the 0.00117 threshold during overnight trading. A bullish engulfing pattern emerged after midnight, indicating a potential short-term reversal. A bearish doji formed near 0.001173 early on, suggesting hesitation from buyers.
Moving Averages and MACD
The 20-period and 50-period moving averages on the 5-minute chart indicate a bullish bias, with the 20-period line crossing above the 50-period line. MACD was positive during the rally but started to flatten by morning, suggesting momentum may be waning. On the daily chart, the 50-period MA is slightly above the 200-period MA, signaling a possible continuation of the uptrend.

RSI and Bollinger Bands
Relative Strength Index (RSI) remained in mid-range territory (near 60), suggesting moderate buying pressure without signs of overbought conditions. Bollinger Bands widened significantly during the overnight rally, reflecting increased volatility. Price remained within the upper band for much of the session, showing strength in the current move.
Volume and Turnover
Volume surged overnight between 00:00 and 05:00 ET, especially around the 0.00117 level, confirming the move higher. Turnover spiked at 00:15 ET, with a large sell-off pulling the price back slightly, but buyers reasserted control shortly after. The volume pattern suggests institutional participation in the recent bullish move.
Fibonacci Retracements
Fibonacci levels on the recent 5-minute swing from 0.001152 to 0.001177 suggest potential support near 0.001162 (38.2%) and resistance at 0.001173 (61.8%). Daily retracements from prior bearish swings align with the current consolidation phase, suggesting potential for a follow-through rally or a pullback to test support.
In the next 24 hours,
could consolidate near 0.00117 or test the 0.001173 level, where a rejection could lead to a pullback. Traders should watch for divergence in volume and RSI for early signs of exhaustion or continuation.Decoding market patterns and unlocking profitable trading strategies in the crypto space

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