#MUBARAK - Update ‼️
Price broke out strongly after a long accumulation phase but hasn’t yet confirmed a Higher High. Market structure is attempting to transition from a range to a bullish trend.
Critical levels include $0.050–$0.055 as current support and $0.072–$0.075 as near-term resistance. The base of the move sits around $0.034–$0.038, which previously acted as a solid demand zone.
Sustaining above $0.055 increases the probability of a breakout above $0.072, with upside potential toward $0.10. A failure to hold $0.050 would weaken structure and likely send price back to retest the original accumulation zone at $0.03