MOBOX/Tether Market Overview for 2025-11-06

Summary
• MOBOX/Tether trades lower by -1.91% over 24 hours amid bearish momentum.
• Price consolidates near key support at 0.0405, with RSI near oversold territory.
• Volatility surges into the early hours, but lacks follow-through into a breakout.

MBOXUSDT opened at 0.0410 on 2025-11-05 12:00 ET and closed at 0.0399 on 2025-11-06 12:00 ET, reaching a high of 0.0416 and a low of 0.0397. Total volume for the 24-hour period was 19,375,218.2, and turnover amounted to $768,966.63. The pair experienced notable bearish momentum, especially in the afternoon hours, with a consolidation phase forming around key psychological support.

Structure & Formations

Price action on MBOXUSDT showed a bearish bias over the 24-hour period, with resistance forming around the 0.0415 level and support consolidating at 0.0405–0.0408. A series of bearish engulfing patterns were visible in the late afternoon of 2025-11-05 and early morning of 2025-11-06. A long-legged doji at 02:45 ET on 2025-11-06 suggests indecision and potential reversal, although bearish follow-through has continued.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA have both moved lower, indicating a bearish trend. The price remains below both indicators. On the daily chart, the 50DMA, 100DMA, and 200DMA suggest further downward pressure, with price trading below all three.

MACD & RSI

The MACD line turned negative in the late hours of 2025-11-05, with the histogram narrowing and turning red, indicating weakening bullish momentum. RSI dropped into oversold territory (around 30) by 11:00 AM ET, suggesting potential for a short-term bounce or consolidation.

Bollinger Bands

Volatility expanded during the early morning hours as price dropped to the lower band and briefly touched the 0.0405 support. The bands have since stabilized, with price maintaining a position closer to the lower half, indicating continued bearish pressure and limited upside potential in the short term.

Volume & Turnover

Volume surged in the late afternoon of 2025-11-05 and early morning of 2025-11-06, reaching highs over 500,000 trades in the 1–3 AM ET period. Turnover peaked at $20,000 during the 4–5 AM ET window, but price failed to maintain a strong breakout, suggesting volume lacks confirmatory strength for a reversal.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (0.0416 to 0.0397), price has consolidated near the 61.8% retracement level at 0.0407. For the larger daily move, a key 38.2% retracement level is at 0.0406, which now acts as immediate support. A break below 0.0405 would target the next 61.8% level at 0.0399–0.0401.

Backtest Hypothesis

To evaluate potential trade setups for MBOXUSDT, a backtest strategy focused on doji star patterns could be implemented using the candlestick data. These patterns often signal indecision or potential reversals, particularly when they appear near key support or resistance levels. By isolating instances where doji stars formed within the 24-hour period—such as the 02:45 ET doji—traders could test the efficacy of taking contrarian positions or short-term hedges based on price action. Since the historical doji data retrieval is currently unavailable, this analysis is pending a manual input of relevant candlestick data or a retry with a different data source to validate the strategy.