$MBL Analysis: Top Gainer (+22%) Faces Critical Support Test


Market Update:
MovieBloc (MBL) has captured attention today, securing a spot on the "Gainer" list with a massive +22.04% move. However, the 15-minute chart reveals a classic "pump and retracement" scenario, likely driven by profit-taking after the recent ecosystem community campaigns.
Technical Breakdown:
Looking at the 15m chart, the price has corrected sharply from the local high of 0.002700 down to a consolidation zone.
• Key Support: The bulls have successfully defended the 0.001525 level (recent low). This is the "line in the sand" for buyers.
• Moving Averages: The price is currently fighting to reclaim the yellow MA(7) at 0.001572. The wide gap between the current price and the purple MA(99) at 0.001890 suggests the trend is still technically bearish on this timeframe until we see a mean reversion.
• Volume: Volume exploded during the drop but is now tapering off, suggesting the selling pressure is exhausted.
Trading Strategy:
Traders should wait for confirmation. A breakout above the immediate resistance at 0.001600 (MA25) could signal a second leg up toward 0.001800. Entering now is risky without a confirmed reversal candle.
What is your move? Buying the dip or waiting for lower levels? Let me know in the comments!
#MBL #TechnicalAnalysis #BinanceSquare #CryptoNews
MBL5,32%
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