MovieBloc/Tether USDt Market Overview

• Price surged 0.55% over 24 hours, closing at 0.002164.
• Volatility and volume both increased in the latter half of the day.
• A bullish breakout above 0.002165 may be forming with confirmation in final hours.
• RSI climbed above 55, suggesting building momentum.
• Bollinger Bands show price within upper band during late-day rally.

MovieBloc/Tether USDt (MBLUSDT) opened at 0.002141 on 2025-09-04 at 12:00 ET and closed at 0.002164 on 2025-09-05 at 12:00 ET, hitting a high of 0.002178 and a low of 0.002134 over the 24-hour window. Total volume amounted to 629,337,200, while notional turnover stood at 1,361,817 USDt. Price action shows a consistent upward bias with late-day strength.

Structure & Formations

Price action revealed multiple bullish signs, including a hammer at 0.002141 in the early afternoon and a bullish engulfing pattern at 0.002162–0.002165 in the late morning. Resistance levels are forming around 0.002170 and 0.002165, with the 0.002161–0.002165 range acting as a key support cluster. A potential consolidation phase is emerging around 0.002163–0.002165.

Moving Averages

On the 15-minute chart, price closed above both the 20 and 50-period moving averages, suggesting short-term bullish momentum. The daily chart shows price above all key moving averages, with the 50-period line at 0.002147 and the 200-period at 0.002141. A continued move above the 50-period line could confirm a trend continuation.

MACD & RSI

The MACD crossed into positive territory during the late morning and remained bullish throughout the day. The RSI climbed to 56, indicating moderate momentum with room to expand. No clear overbought conditions are yet evident, though further gains could bring the indicator into overbought territory, particularly if the 60 level is breached.

Bollinger Bands

Volatility increased steadily, pushing the upper Bollinger Band to 0.002174 by the end of the day. Price closed near the upper band, suggesting a strong bullish signal. The middle band was at 0.002153 at the end of the period, reinforcing the idea that price is extending bullish momentum beyond mid-range expectations.

Volume & Turnover

Volume surged in the afternoon and into the evening, with a peak of 7,620,887 at 12:45 ET. Turnover aligned with these volume spikes, particularly during the break above 0.002165. No divergence was observed between volume and price, reinforcing the bullish narrative. The final three-hour block saw volume increase by 30% compared to the early morning.

Fibonacci Retracements

Applying Fibonacci levels to the 0.002134–0.002178 swing, key retracements include 38.2% at 0.002153 and 61.8% at 0.002166. Price has already approached the 61.8% level, and a close above this could signal a deeper bullish continuation into the 0.002170–0.002180 range.

Backtest Hypothesis

Given the strong 15-minute bullish momentum and Fibonacci retracement alignment, a backtest could focus on a breakout strategy using the 50-period moving average as an entry trigger and 0.002165 as a stop-loss. A trailing stop could be set at 0.002160 for risk management, with target levels at 0.002175 and 0.002180. This approach would aim to capture short-term bullish continuation while managing downside risk during a potential consolidation phase.