$MBL USDT is trading around 0.001231 after pulling back from the 0.001267 high. That push up showed strong interest with massive activity as 24 hour volume crossed 744 million MBL which is not random at all. After the spike price did not crash. It drifted lower in a controlled way which often signals distribution turning into accumulation.
Support is clearly visible around 0.001225 to 0.001203 where buyers defended the price multiple times. The current candles show hesitation from sellers and smaller wicks which tells selling pressure is slowing down. Resistance remains near 0.00126 to 0.00127 and that level is the key trigger for momentum to return.
The structure now looks like a cooldown after volatility. If it holds above 0.00122 and volume starts to build again this could rotate back toward the highs quickly. If it becomes weak below 0.00120 then a deeper base may form before the next move.
