In this MovieBloc technical analysis, we will examine the current price action, trading volume, key levels and indicators for MBL-USDT. MovieBloc (MBL) is a decentralized streaming platform that leverages blockchain technology to provide users with secure and transparent access to a vast library of movies and TV shows. The platform’s native cryptocurrency, MBL, serves as the primary medium of exchange for content access and allows users to purchase subscriptions, rent or buy content, and participate in community-driven governance. With its innovative approach to content distribution and monetization, MovieBloc is poised to disrupt the traditional entertainment industry.
MovieBloc Price Overview:
As of May 10, 2024, MovieBloc is trading at approximately 0.00445 USDT. Let’s dive into the detailed price action for MBL-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00446 |
| High (H) | 0.00449 |
| Low (L) | 0.00443 |
| Close (C) | 0.00445 |
| Volume (C) | 41,999,722.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00446 USDT.
- High (H): MovieBloc reached a daily high of around 0.00449 USDT.
- Low (L): The daily low for MBL-USDT was approximately 0.00443 USDT.
- Close (C): At the time of analysis, MovieBloc is trading near its daily close of 0.00445 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.16% |
| 3D Change (%) | 3.90% |
| 7D Change (%) | -0.65% |
| 30D Change (%) | -20.22% |
| 90D Change (%) | 5.45% |
| YTD Change (%) | -6.65% |
Over the past three days, MBLUSDT has risen by approximately 3.90%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -0.65%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MBLUSDT maintaining a downward trend of approximately -20.22%, despite intermittent fluctuations. Examining the last 90 days, MBLUSDT has witnessed substantial rise of approximately 5.45%, reflecting strong long-term confidence. Year-to-date, MBLUSDT has steadily declined by around -6.65%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
MovieBloc Live Chart:
You can access a live price chart for MBL-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.57466.
- Momentum score is 0.02463.
MBL USDT Technical Analysis
MovieBloc Trading Volume:
The trading volume for MovieBloc (MBL) over the past 24 hours has been insignificant, with approximately 41,999,722.00 USDT traded against MBL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): MBL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): MovieBloc is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for MBL-USDT is currently in the neutral zone, around 45.9302. This suggests that MovieBloc is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
MovieBloc (MBL-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Assess MovieBloc’s (MBLUSDT) risks at 4.45e-03 USDT with bearish technical analysis, highlighting weakened support and cautionary indicators.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.