🗣️ $MUBARAK — quickly took off, now simmering in the pot of emotions
I looked at the chart $MUBARAK after the hype — a jump of ~380% + a sharp pullback is already visible. Now you can see how the price stabilizes in the zone around $0.03–$0.04.
The narrow range with an average volume of $40–45 million indicates that meme traders haven't had time to exit, and the coin is 'simmering'.
The price has pulled back about 80% from ATH $0.215 — a classic digital pullback of a meme coin.
The chart shows a support zone being formed — and if it holds, a repeat assault on ATH is possible with the next wave of social media peaks or new listings.
I'm still not entering — I'll wait for confirmation of strength: price above $0.035 and active volume. If the base holds — entering on a false breakout could be successful.
Why is this important?
Meme coins are good for those who are ready to catch the market's moods.
$MUBARAK received support from #CZ and #BinanceAlpha — this is a serious driver.
But it’s still a meme — there are many risks; you need to keep a stop-loss and not rely on steady growth.
