After #TRUMP traders are disappointed from #Mubarak๐ โ$MUBARAK Stuck at the Bottom with No Signs of Recovery โ$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.
๐ฅ 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.
โก๏ธ Key Levels to Watch:
Immediate Support: $0.0551 โ If broken, MUBARAK may slide toward the next psychological support near $0.0500.
Minor Resistance: $0.0650 โ A move above this level is required to signal potential recovery.
๐จ Whatโs 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