MOBOX/Tether Market Overview

• MOBOX/Tether edged higher by 2.3% over 24 hours, closing near a multi-hour high at 0.0694.
• Strong volume expansion occurred during the early US/EU session, confirming upward momentum.
• RSI remained in overbought territory, suggesting potential pullback pressure ahead.
• Bollinger Bands tightened before the breakout, signaling a period of consolidation preceding a directional move.
• No major bearish reversal patterns emerged, but caution is warranted as overbought conditions persist.

MOBOX/Tether (MBOXUSDT) opened at 0.0655 on 2025-09-17 at 12:00 ET and closed at 0.0694 24 hours later. The pair reached a high of 0.0701 and a low of 0.0647 during the period. Total volume amounted to 19,708,744.5, with a notional turnover of 1,368.28 USDT. The price action showed a clear upward drift, with the final hour candle closing near the high of the period.

Structure & Formations

The 15-minute OHLC data shows a strong bull trend unfolding after a key breakout above 0.0666. A bullish engulfing pattern was visible around 17:45 ET as the pair surged from 0.0662 to 0.0665. The price then tested and held above prior resistance at 0.067, forming a strong support-turned-resistance level. A 61.8% Fibonacci retracement from the earlier high of 0.0701 to the low at 0.0647 aligned closely with 0.0684, which acted as a critical support level. A doji near 0.0695 in the late session may indicate short-term indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended higher, with the 20-line above the 50-line confirming a short-term bullish bias. The daily chart suggests a stronger trend with both the 50- and 200-period MAs rising, and the price holding well above both.

MACD & RSI

The MACD histogram showed a sharp expansion in the last 4 hours, indicating strong buying pressure. The RSI climbed above 70 and remained in overbought territory, suggesting a potential for a pullback or consolidation phase. Divergence between volume and RSI readings was minimal, signaling consistent momentum behind the move.

Bollinger Bands

Bollinger Bands showed a period of tightening contraction between 18:00 and 19:00 ET, followed by a breakout to the upper band. The price remained above the 20-period moving average for the majority of the session, with the most recent candles closing near the upper band. This suggests increased volatility and could signal a continuation of the bullish trend.

Volume & Turnover

Volume surged above 400,000 on the candle that broke out of the 0.0666 level, confirming the move. Notional turnover also spiked during this period, aligning with price direction and validating the bullish breakout. The final hour’s volume was relatively lower, suggesting exhaustion or a possible pause.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing low (0.0647) and swing high (0.0701), the price is currently hovering just above the 61.8% retracement level at 0.0684. A retest of this level is expected, with a potential break above 0.0701 signaling a continuation of the bullish phase.

Backtest Hypothesis

Given the consistent momentum observed in the 15-minute chart and the breakout from the Bollinger contraction, a potential backtesting strategy could focus on entering long positions at key Fibonacci support levels (e.g., 61.8%) when RSI is above 50 and the price is above the 20-period MA. A stop-loss could be placed below the most recent 15-minute low, while targets could be set based on the projected Fibonacci extension levels. This strategy would aim to capitalize on the continuation of the bullish trend while managing risk with defined exits.