- MBL trades at $0.002434 with 1.63% daily gain while volume drops by 28.25%.
- Bullish divergence and order block suggest possible move toward $0.002504 target.
- 70% of traders show bullish sentiment as price holds above key $0.002389 support zone.
MBL price continues to trade in a tight range as bullish signals begin to emerge, hinting at a possible move toward higher levels. Traders are watching the $0.002389 support closely for signs of renewed momentum.
In the case of the trading pair MBL/USDT in Binance, the price of the asset is changing slightly. The token price is already at the level of 0.002436, a minor growth of 0.04%. The price activity continues to be contained between the values of $0.002427 and $0.002460 which is a narrow range with low volatility. The maximum price was of the day; $0.002460 and the minimum was; $0.002427. The volume is also low with only 186,000 units being traded implying that the people involved in this session are not numerous.
The key indicators do not have excessive momentum. The 14-period RSI is at 46.68, just below the neutral region of 50, indicating some bearish pressure. The MACD values remain close to zero, only indicating that there is no real trend. Both signals conform to the current consolidation state of affairs.
Targets for liquidity and technical setup
The MBL price is around $0.002392 on the 1-hour chart, which is 0.33% lower. The price action is close to a demand zone or order block at $0.002389. Analysts say that this level could be a good place for buyers to build up. There is a bullish divergence on correlated structures that supports the idea that prices may go up.
Another important liquidity goal that lies ahead is $0.002504, last swing high. But if the price holds above $0.002450 for a longer period then it is likely to reach this level. If you wish to short, you can enter near $0.002389, place a stop loss at $0.002335, and try for profit between $0.002450 and $0.002504;
Trends in market outlook and volume
As per one of the largest cryptocurrency ranking sites CoinMarketCap, the token has a market price of 0.002434 dollars, and experienced a surge of 1.63 percent within the last 24 hours. The trading volume now amounts to a fall of 28.25 percent to 4.9 million, which corresponds to the market cap of 45.37 million. The number of MBL in circulation is 18.63 billion with 62 percent of its maximum supply of 30 billion tokens.
Investor sentiment is still good, with 70% of the community having a positive outlook. If the price goes above a key resistance level with more volume, MBL could move toward areas with more liquidity. On the other hand, not being able to stay above $0.002389 could make the risk of going down to $0.002300 higher.
