$MUBARAK Faces Selloff – Bulls Struggle to Reclaim Control
$MUBARAK took a sharp hit, dropping to a 24H low of $0.0347 before recovering slightly to $0.0375, reflecting a -7.64% drop. Sellers dominated the session, leaving bulls struggling to regain control.
Key Breakdown:
Current Price: $0.0375
24H High/Low: $0.0423 / $0.0347
Stoch RSI: 93.81 / 90.56 (Overbought)
Short-Term Resistance: $0.0385–$0.0398
Immediate Support: $0.0347
Quick Take:
Though $MUBARAK showed a slight bounce, the overall structure remains fragile. The overbought Stoch RSI signals limited upside unless volume picks up. Failure to reclaim $0.0385 may trigger another round of selling.
Verdict:
This could be a dead-cat bounce if bulls don't show strong momentum. Keep your stops tight and stay cautious.