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 cryptocurrency that leverages blockchain technology to create a platform for the entertainment industry. MBL utilizes smart contracts to facilitate transactions and ensure transparency, allowing content creators to monetize their work directly through the platform. With MovieBloc, creators can connect with fans and receive fair compensation for their work, while also providing an accessible platform for consumers to discover and support independent content.
MovieBloc Price Overview:
As of October 02, 2023, MovieBloc is trading at approximately 0.0031 USDT. Let’s dive into the detailed price action for MBL-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00309 |
| High (H) | 0.00324 |
| Low (L) | 0.00307 |
| Close (C) | 0.0031 |
| Volume (C) | 164,987,407.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00309 USDT.
- High (H): MovieBloc reached a daily high of around 0.00324 USDT.
- Low (L): The daily low for MBL-USDT was approximately 0.00307 USDT.
- Close (C): At the time of analysis, MovieBloc is trading near its daily close of 0.0031 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.52% |
| 3D Change (%) | 2.81% |
| 7D Change (%) | 6.63% |
| 30D Change (%) | 18.47% |
| 90D Change (%) | 10.18% |
| YTD Change (%) | 36.18% |
Over the past three days, MBLUSDT has risen by approximately 2.81%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 6.63%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MBLUSDT maintaining an upward trend of approximately 18.47%, despite intermittent fluctuations. Examining the last 90 days, MBLUSDT has witnessed substantial rise of approximately 10.18%, reflecting strong long-term confidence. Year-to-date, MBLUSDT has steadily appreciated by around 36.18%, 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 0.62111.
- Momentum score is 0.18466.
MBL USDT Technical Analysis
MovieBloc Trading Volume:
The trading volume for MovieBloc (MBL) over the past 24 hours has been insignificant, with approximately 164,987,407.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): MovieBloc is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for MBL-USDT is currently in the neutral zone, around 54.96876. 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 bullish 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.
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.
