Here's the technical snapshot for $MUBARAK /USDT ā 1H Chart:
š Current Price: $0.0355
š Change: +2.31% (bullish breakout attempt in early stages)
š Technical Overview:
MA Crossover in Progress:
MA(7): $0.0345
MA(25): $0.0330
MA(99): $0.0378 (still acting as overhead resistance)
ā
Short-term MAs are curving upward, indicating momentum shift.
Consistent Higher Lows: Clean ascending pattern with no major rejection candles.
Breakout Build-up: Price is pressing against the recent highs. If volume kicks in, a squeeze toward the MA(99) could trigger further upside.
š Key Levels:
Immediate Resistance: $0.0378 (MA 99)
Next Target on Break: $0.0400 psychological resistance
Support Zone: $0.0340ā$0.0330 range (MAs 7/25)
āļø Potential Setup:
Entry: $0.0350ā$0.0355 (pullback)
Target: $0.0388ā$0.0402
Stop: $0.0335
Risk/Reward: ~1:2+
š Summary:
Momentum is stacking up for MUBARAK/USDT as the price steadily climbs toward the 99MA ceiling. A clean breakout above $0.0378 could open the doors for a trend shift. Watch volume confirmation!
ā ļø DYOR ā Do Your Own Research.
This is not financial advice. Markets can be volatile ā always trade responsibly!