Moviebloc Price Prediction – Will MBL Price Hit $0.03 Soon?

This Moviebloc (MBL) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our MBL price analysis and prediction.

There is an ever-surging hype surrounding the crypto world. However, many cryptos spiked to a new all-time high during this 2021 bull run. In contrast, some crypto also had a downtrend. Therefore, many cryptocurrency traders and investors are confused about whether it is time to hold or sell their crypto for a good price. This might be the same scenario for the MBL traders and investors. The price of Moviebloc (MBL) increased by 29.8% in the past one year.

On the other hand, the crypto market is consolidating lately, and most cryptocurrencies are losing their previous gains. Is the Moviebloc price experiencing the same scenario? We’ll find out shortly in this MBL price analysis 2022 article. But first, let’s have a look at what MBL is.

What is Moviebloc (MBL)?

Co-founded by Chris Kang, Jeffrey Jin, and Peter Kim, MovieBloc is a reverse ICO project driven by the Korean video streaming platform Pandora.tv. MovieBloc is a decentralized movie and content distribution platform.

The creators will get a transparent revenue share, audience data, and equal screening opportunity; the viewers will access diverse films and content, and get rewarded for providing curation, subtitles, and marketing materials to the community. Currently, more than 100 movies and dramas have been screened. In the long run, MovieBloc aims to create the largest film ecosystem centered on participants.

Now that we have an idea about Moviebloc, do you think MBL will be profitable crypto in 2022? Join me and let us see the charts in this Moviebloc (MBL) price analysis and MBL price prediction.

Moviebloc (MBL) Current Market Status

As of the time of writing this Moviebloc price analysis, MBL trades at $0.01607 with a 24-hour trading volume of $1,129,527,886. The price of MBL has increased by 16% in the last 24 hours.

Furthermore, the network has a current circulating supply of 13.53B MBL. Currently, the top cryptocurrency exchanges for Moviebloc are Binance, Gate.io, Mexc, Hotbit, Upbit, and other Now, let’s proceed to the next part of this MBL technical analysis for 2022

Moviebloc (MBL) Price Analysis 2022

Currently, Moviebloc (MBL) holds 259th place on CoinMarketCap. But will the latest upgrades, development, and changes in the Moviebloc ecosystem help the cryptocurrency price to reach higher? Let’s proceed to the charts in this MBL price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Moviebloc (MBL), we can see that there was a breakout from the top region. If this breakout is sustained for some days, the price of MBL will surge higher.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold, overbought, or neutral. The RSI value of the 1day chart of MBL/USDT is at 74.35. This shows that Moviebloc is in the overbought region since the value lies between 70 and 100. Investors should be mindful since a quick drop in price is possible.

The chart above shows that the 200-MA is above the 100-MA. This shows that long-term investors of MBL will have profit in the future. However, it can be observed that since the 100-MA is around the tail of the last candlestick, the price will get bullish quicker in case it plummets.

Moviebloc (MBL) Price Prediction

The chart below shows that Moviebloc has performed great over the past few days. Moreover, the MBL price is over 79% in the last 7 days. If this trend continues, MBL might run along with the bulls, overtaking its $0.016 resistance1 level and climbing higher to $0.0.20 at resistance2 level, the bullish signal for 2022.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone IOTX from its uptrend position. In simpler terms, the price of MBL might plummet to almost $0.0044, a bearish signal.

Meanwhile, our long-term MBL price prediction 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $0.04599 this year. However, that will only happen if it breaks many previous psychological resistances.

Moviebloc (MBL) Price Prediction 2022

If this bullish trend continues, MBL will reach $0.020 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.016. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.030 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Moviebloc (MBL) Price Prediction 2023

The price of MBL can move even great heights, however reaching $0.1 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency MBL breaks past the psychological resistance level.

Moviebloc (MBL) Price Prediction 2024

As per the latest upgrades, developments, MBL price prediction, and new project forecasts of the platform. Moreover, this might boost the price of MBL in the crypto market, and it will be the best investment as the price can spike and reach around $0.4.

Moviebloc (MBL)Price Prediction 2025

In the next four years, MBL prices could race up to $0.6. However, reaching this level could not be so difficult for MBL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MBL has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Moviebloc (MBL) Price Prediction 2026

In the next five years, MBL prices could race up to $1.5. However, reaching this level could not be so difficult for MBL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MBL has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Moviebloc has a bright future ahead in 2022. With the ongoing developments happening within the Moviebloc ecosystem, as well as in the overall crypto market, we may see MBL reach new heights.

Bullish MBL price prediction 2022 is $0.020. However, it may even reach $0.03 if investors have decided that MBL is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.