Market Overview for MovieBloc/Tether (MBLUSDT)

Summary
• Price formed bearish divergence on morning high, with volume declining after 0.00126.
• 24-hour range tightened after 08:00 ET as RSI approached oversold territory.
• Evening sell-off saw 0.00124 level tested, coinciding with 61.8% Fibonacci from 0.001261 swing high.
• Bollinger Bands showed significant contraction after 01:00 ET, suggesting low volatility phase.
• Turnover surged during 00:15–00:30 ET as price broke below 0.00124 level.

Price and Volume Profile

MovieBloc/Tether (MBLUSDT) opened at 0.001257 on 2026-01-18 12:00 ET, hit a high of 0.001263, and a low of 0.001179 before closing at 0.001192 at 12:00 ET on 2026-01-19. Total volume for the 24-hour period was 665,894,077.0, with a notional turnover of 788,411.67.

Structure and Momentum

Price action displayed a bearish breakdown below 0.00124, coinciding with a 61.8% Fibonacci level from the 0.001261 high. A long bearish candle with wick at 00:00–00:30 ET marked a key turning point. MACD turned negative after 00:30 ET, and RSI moved into oversold territory by 04:00 ET.

Volatility and Divergence

Bollinger Bands showed a sharp contraction between 01:00–02:30 ET, signaling low volatility, followed by expansion as the price accelerated lower. Volume spiked during the breakdown phase but dropped sharply after 07:00 ET, indicating possible consolidation.

Future Outlook and Risk

If 0.001192 holds as support, price may find a temporary floor, but a break below 0.00118 could accelerate the trend. Caution is warranted as the market appears to be in a low-volatility phase with a high probability of further downside bias in the next 24 hours.