Market Overview for MovieBloc/Tether (MBLUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byRodder Shi
Friday, Jan 2, 2026 3:06 am ET1min read
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Aime RobotAime Summary

- MBLUSDT formed a bullish engulfing pattern near 0.001161, with momentum surging above 0.001173 as a breakout attempt.

- Volume spiked sharply after 03:00 ET as price approached 0.001175, while RSI entered overbought territory (73-75) signaling potential pullback.

- Bollinger Bands narrowed pre-breakout, and Fibonacci levels at 0.001172/0.001175 acted as key resistance during consolidation.

- The 24-hour rally showed bullish momentum above moving averages, but overbought RSI and failed closure above 0.001175 suggest short-term correction risks.

Summary
• Price formed a bullish engulfing pattern near 0.001157–0.001161.
• Momentum surged above 0.001173, suggesting a breakout attempt.
• Volume spiked sharply after 03:00 ET as price approached 0.001175.
• RSI reached overbought territory around 0.001175, hinting at potential pullback.
• Bollinger Bands narrowed pre-breakout, indicating a period of consolidation.

24-Hour Summary


MovieBloc/Tether (MBLUSDT) opened at 0.001161 on 2026-01-01 at 12:00 ET and traded between 0.001155 and 0.001178 before closing at 0.001166 on 2026-01-02 at 12:00 ET. The pair saw a total volume of 203,823,359.0 and a notional turnover of 238,053.57 USD over the 24-hour period.

Structure & Formations


Price action on the 5-minute chart revealed a bullish engulfing pattern between 17:00 and 17:15 ET, as a bearish candle was followed by a larger bullish one. Later in the session, around 03:00 ET, price formed a consolidation pattern with a clear breakout attempt near 0.001175. The 0.001161–0.001165 range acted as a key support, while resistance emerged at 0.001172 and 0.001175.

Moving Averages


On the 5-minute chart, price moved above the 20-period and 50-period moving averages after 02:30 ET, indicating short-term strength. Daily moving averages (50, 100, and 200) are not visible without a longer timeframe, but the 24-hour rally suggests a shift in sentiment from bearish to cautiously bullish.

Momentum and Volatility


The RSI reached overbought territory at 73–75 around 0.001175, signaling potential exhaustion. MACD crossed into positive territory after 02:30 ET and held above the signal line, supporting bullish momentum.
Bollinger Bands showed a period of contraction before the breakout, then expanded as volatility increased post-03:00 ET.

Volume and Turnover


Volume surged significantly after 03:00 ET, especially as price approached 0.001175, with volumes exceeding 7 million in several intervals. Turnover also spiked during this time, confirming the strength of the breakout. No notable divergence was observed between price and turnover during the session.

Fibonacci Retracements


Fibonacci levels applied to the 5-minute move from 0.001161 to 0.001175 showed a key resistance at 0.001172 (38.2%) and 0.001175 (61.8%). Price tested both levels but failed to close above 0.001175, suggesting potential for a pullback or consolidation.

Outlook and Risk

The pair appears to have gained bullish momentum with a confirmed breakout above key resistance. If 0.001175 holds as support, a retest of 0.001178 could follow. However, overbought RSI and a failure to close above 0.001175 may invite a short-term correction. Investors should watch for divergences in volume and RSI as early warning signals.