$MUBARAK /USDT: From Royal Rise to Rug Pull Reality?
If you blinked, you probably missed it$MUBARAK /USDT pulled off a 5-star pump and dump play that would make even seasoned whales shake their heads.
Opened with fireworks: shot up to $0.20
Now? Slinking at $0.0477 — that’s a stomach-turning 76% drop
Today alone, it’s down 17.62% and showing no signs of recovery
24h Volume: 686.02M MUBARAK. Big volume, bigger pain.
What’s cooking here?
This is what traders call a “trap candle” — a huge green spike (probably to bait retail buyers) followed by relentless red. What’s worse? It’s not even bouncing. The price is crawling sideways near $0.0467, which could act as a temporary support… or the floor before another leg down.
Technical mood:
StochRSI & MaStoch still high — signaling overbought in a downtrend. That’s never a good mix.
No MACD, RSI, or Bollinger support active. Blind flying, folks.
Order book looks dead flat.
Quick reality check:
Unless devs drop major news or liquidity is injected fast, MUBARAK/USDT could be headed straight to the shadows. It’s now a patience game for bagholders and a warning sign for momentum chasers.
Caution for new entries: This isn't a dip — it's a drop with no parachute.
Was this royal coin ever meant to rise, or just a mirage in the desert of hype?