TECHNICAL ANALYSIS #MUBARAK

1. Overall Trend:

- Strong downtrend from peak $0.20 to bottom $0.0208, followed by recovery.

- Price currently forming a cup and handle pattern — a bullish sign if it breaks out of the handle zone.

2. Resistance and Support Levels:

- Near-term Resistance:

- $0.0613 (24h high)

- $0.0907 (pre-dump zone)

- $0.1150 (large limit sell price)

- Strong Support:

- $0.0389 (MA25 line)

- $0.0208 (previous bottom)

3. Moving Averages (MA):

- MA7 ($0.0558) is above current price => warns of short-term correction.

- MA25 ($0.0389) acts as primary long-term support.

4. Volume:

- Trading volume surged significantly since early May => signals accumulation and capital inflow.

- However, clear profit-taking pressure is present.

5. Market Sentiment:

- Sell orders account for 52.04% vs. buy orders (47.96%) => market slightly bearish in the short term.

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CONCLUSION & SCENARIOS:

Bullish Case:

- If price breaks $0.0613 with sustained volume => short-term targets: $0.09 – $0.115.

- Completion of cup-and-handle pattern => strong breakout possible.

Bearish Case:

- If price falls below $0.0500 and MA25 => retreat to $0.038 or even $0.02.

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Strategy Suggestions:

- Short-term: Monitor $0.053 – $0.061 range, wait for clear resistance breakout confirmation.

- Long-term: Dollar-cost average (DCA) in $0.035–$0.045 zone if price corrects deeply, targeting $0.09���$0.13.