Summary
• Price surged from 0.001248 to 0.001314 amid rising volume and bullish momentum.
• A key resistance at 0.001285–0.001289 was tested and held.
• Volatility expanded after 02:00 ET with a break above 0.001276.
• RSI crossed into overbought territory, suggesting potential consolidation.
• Volume spiked above 100M at 00:15 ET, confirming the upward break.
24-Hour Price and Volume Summary
MovieBloc/Tether (MBLUSDT) opened at 0.001248 on January 16, 2026 at 12:00 ET and reached a high of 0.001314 before closing at 0.001278 on January 17, 2026 at 12:00 ET. The 24-hour period saw a total volume of 117,711,010 and turnover of 152,074.86 USDT.
Structure & Moving Averages
The price formed a strong ascending triangle on the 5-minute chart, with the breakout occurring above the 0.001276 level. A bullish engulfing pattern appeared at 00:15 ET, confirming the upward bias. On the daily chart, the 50-period moving average provided support at 0.001266, while the 200-period line acted as a baseline for further momentum.
Momentum and Volatility
The RSI surged above 70, indicating overbought conditions, while the MACD line crossed above the signal line with a strong positive divergence. Bollinger Bands expanded after 02:00 ET, reflecting increased volatility. The price remained near the upper band for several hours, suggesting continued bullish pressure.
Volume and Fibonacci Levels
Volume spiked to over 100M at 00:15 ET, coinciding with the key breakout above 0.001276. Notional turnover increased in tandem with price, showing no divergence. Fibonacci retracement levels for the recent 5-minute swing indicated critical levels at 0.001285 (38.2%) and 0.001289 (61.8%), both of which were tested and held.
Looking ahead, the pair may test the 0.001290–0.001293 range as the next target, but a pullback to 0.001276 could trigger consolidation. Investors should remain cautious for potential overbought corrections or a breakdown below 0.001264.
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