After #TRUMP traders are disappointed from #Mubarak💀 ❗$MUBARAK Stuck at the Bottom with No Signs of Recovery ❗$MUBARAK continues to dominate the top loser position, currently trading at $0.0587, reflecting a -16.26% drop. Despite brief attempts to stabilize near the $0.0551 support zone, the price has shown no significant bounce, indicating that bearish sentiment is still in control.
🔥 Why MUBARAK is Struggling:
Heavy Selling Pressure: A 24-hour high of $0.0756 quickly collapsed, with sellers driving the price down aggressively.
Volume Divergence: Despite a high 24-hour trading volume of 977.67M, price action suggests that most of this volume is from panic selling rather than accumulation.
⚡️ Key Levels to Watch:
Immediate Support: $0.0551 – If broken, MUBARAK may slide toward the next psychological support near $0.0500.
Minor Resistance: $0.0650 – A move above this level is required to signal potential recovery.
🚨 What’s Next?
If buyers fail to step in and defend the support zone, MUBARAK risks drifting lower with minimal support, making it vulnerable to further selloffs. Until a breakout or volume reversal occurs, MUBARAK remains a high-risk play with limited upside potential.
buy and trade here $MUBARAK