📉 $MUBARAK Struggles to Bounce — Trend Still Bearish
Today’s slight green candle gives hope, but bulls aren’t in control yet.
🟢 Price: $0.0312 (+3.31%)
📉 Still trading below key MAs: 7-day ($0.0319) & 25-day ($0.0366)
🔎 What’s Happening:
Price is trying to bounce off the $0.0300 support zone
Downtrend from April highs ($0.12) still weighs heavy
Low volume = weak buyer momentum
Bearish unless it breaks above $0.037–$0.040
🎯 Targets to Watch:
$0.0345: Minor resistance
$0.0380: Stronger resistance
$0.0450: Bullish breakout zone
⚠️ If $0.0300 breaks, look for $0.0260 next
🧠 Bottom Line:
Still in a bearish trend—needs a breakout above MAs to flip the script. Caution is key