Hello family 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 As of March 30, 2025,
$MUBARAK (MUBARAK) is trading at approximately
$0.0587 USD,
reflecting a decrease of about 16.82% from the previous close.
Technical analysis indicates a bearish trend, with short-term moving averages (MA 7 & 25)
positioned above the current price, suggesting continued downward momentum. Resistance levels are identified between
$0.0716
and
$0.0750,
where selling pressure has been strong, while support is observed at
$0.0650,
marking today's low.
Given the current market conditions, caution is advised. If the price closes above
$0.072,
a minor relief rally towards
$0.075
or higher could occur. Conversely, a drop below the
$0.0650
support level may lead to further declines towards
$0.0600
or lower. Traders might consider waiting for a breakout above
$0.075
for bullish confirmation or entering at the
$0.065
support with a stop-loss set just below this level.
Please note that the cryptocurrency market is highly volatile, and it's essential to conduct