$MUBARAK /USDT Drops 20.84%, Testing Support at $0.0818
$MUBARAK /USDT has experienced a sharp -20.84% decline in the past 24 hours, currently trading at $0.0847. The pair hit a 24-hour high of $0.2000 before facing strong selling pressure, pulling it down to a 24-hour low of $0.0818. This steep drop indicates significant profit-taking or bearish sentiment.
Key Levels to Watch:
Resistance: $0.0993 - $0.1040 (A breakout above this zone could push MUBARAK toward $0.1200+ in the short term)
Immediate Support: $0.0847 - $0.0818
Stronger Support: $0.0807 - $0.0750 (Failure to hold this zone could lead to further downside)
If MUBARAK/USDT holds above $0.0847, bulls might attempt a recovery. However, a failure to maintain this level could result in a deeper correction. Traders should monitor volume, RSI, and MACD for confirmation of trend continuation or potential reversal.
Trade is on here $MUBARAK