Mubarak ($MUBARAK ), a meme coin on Binance Smart Chain, demonstrates confident growth: the current price is $0.03267, +10.3% in 24 hours. Speculative excitement, fueled by community support and mentions by influential figures like CZ, is pushing the price up. However, volatility (7.31% over the week) and the lack of fundamental value require caution. Technical analysis shows the formation of a descending wedge on the 4H chart, which may signal a bullish reversal. RSI (55) indicates a neutral-bullish momentum, but overbought conditions are not observed.
Bullish scenario: Breakthrough $MUBARAK $0.038 (resistance) confirms the upward trend. Entry point: $0.0385. TP1: $0.074, TP2: $0.088. SL: $0.0377 (2% of entry). Growth potential up to $0.06 in 2025 if hype is maintained.
Bearish scenario: Breaking support $MUBARAK $0.030 may lead the price to $0.015. Entry point (short): $0.0305. TP: $0.015. SL: $0.0311 (2% of entry).
Recommendations: Use 1-2% of the deposit to minimize risks. When reaching 50% of TP1, move SL to breakeven. The volatility of MUBARAK requires strict risk management.
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