The MUBARAK coin is surging on the Binance platform!
In one of the strongest movements on Binance Smart Chain, the MUBARAK/USDC coin records an increase of +23.98%, reaching 0.0610 USDC with strong momentum attracting traders' attention!
Performance details:
Highest price (24 hours): 0.0611 USDC
Lowest price (24 hours): 0.0490 USDC
MUBARAK trading volume: 64.31 million
30-day increase percentage: +150.41%
Today's increase percentage: +24.19%
Simplified technical analysis:
The price is currently above the MA60 moving average, reflecting a strong upward trend.
There are consecutive bullish candles with high trading volume, which is a positive momentum indicator.
The price broke a strong resistance at 0.0585 and has now turned it into support.
Important points for traders:
Good entry area: 0.0590 – 0.0600 (in case of correction)
First target (Take Profit 1): 0.0650
Second target (Take Profit 2): 0.0700
Suggested stop loss: a clear break below the 0.0570 level
Support and resistance points:
Current support: 0.0585
Next resistance: 0.0650 then 0.0700
Alert:
The coin is the highest gainer today on Binance, but it is advisable to manage risks and not enter with the entire capital.
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