MOBOX/Tether (MBOXUSDT) Market Overview – November 4, 2025

Summary
• MOBOX/Tether traded between $0.0398 and $0.0422 in the past 24 hours.
• Price closed near a key support level, signaling potential bearish momentum.
• Volume spiked during the late-night decline, suggesting increased bearish participation.

MOBOX/Tether (MBOXUSDT) opened at $0.0412 on November 3, 2025, at 12:00 ET, reaching a high of $0.0422 before falling to a 24-hour low of $0.0398. The pair closed at $0.0407 on November 4, 2025, at 12:00 ET. The total volume for the 24-hour period was approximately 24,649,110 units, with a total turnover of around $1,019,756.

Over the past 24 hours, MBOXUSDT has shown a volatile but broadly bearish bias, with several key support and resistance levels coming into play. On the 15-minute chart, the price tested and failed to hold above the 50-period moving average around $0.0414–$0.0416, suggesting continued short-term bearish pressure. The 20-period moving average has also declined, reinforcing the downward trend.

A notable bearish formation occurred around 03:45 ET, where a Bearish Engulfing pattern formed near the $0.0419 level. This was followed by a Dark Cloud Cover pattern at $0.042, both suggesting a strong shift in sentiment from bullish to bearish. These patterns were accompanied by increased volume and a breakdown below key psychological levels.

The MACD has turned negative and continues to slope downward, indicating a loss of upward momentum. The RSI has moved into oversold territory around 33–35, but remains above the 30 threshold, suggesting that while the pair is oversold, a bounce could still be limited without a stronger reversal signal.

Bollinger Bands show a moderate contraction around $0.0410–$0.0416 at midday, suggesting a potential increase in volatility ahead. Price has since drifted below the lower band and is now sitting closer to the lower band, indicating a high-risk environment for short-term buyers.

On the volume and turnover front, a sharp increase in trading volume was observed after midnight, particularly during the $0.0406–$0.0408 range, coinciding with the breakdown in price. Notional turnover aligned with the volume spike, confirming the bearish move. However, divergences in volume appear after 06:00 ET when price stabilized near the $0.0405 level, suggesting a potential short-term equilibrium.

Fibonacci retracements from the recent swing high at $0.0422 to the swing low at $0.0398 show key levels at $0.0413 (38.2%) and $0.0403 (61.8%). The current price is testing the 61.8% retracement level, which may serve as a temporary floor or trigger further selling if broken.

Looking ahead, a continuation of the downward trend is probable unless a strong bullish reversal occurs above $0.0415. However, investors should remain cautious as the RSI has not yet triggered a meaningful bounce and the MACD remains bearish. A breakdown below $0.0405 could open the door to a test of the $0.0395–$0.0398 range.

In the coming 24 hours, traders should monitor the 0.0405 level closely, as a breakdown may invite further bearish momentum. A retest of $0.0412 could offer a short-term bounce, but without a strong reversal pattern and a volume confirmation, the bearish thesis remains intact.

Backtest Hypothesis

Given the recent appearance of the Bearish Engulfing and Dark Cloud Cover patterns on MBOXUSDT, a backtesting strategy could be built around these setups for short-term trading. A practical implementation would involve identifying confirmed bearish reversal signals at swing highs, then entering a short position with a stop above the pattern's high and a target near the pattern’s low or a key Fibonacci level.

To proceed with an accurate backtest, we need to resolve the data-mapping issue by using an exchange-specific ticker such as “BINANCE:MBOXUSDT” to ensure the dataset is correctly aligned. Once the data is retrieved, a historical list of signal occurrences can be mapped to test the strategy over the past few months. This would allow us to assess the frequency, win rate, and average returns of such a short-side approach, offering actionable insight for similar setups in the near future.