Based on the chart of 1-hour timeframe for $MUBARAK , here’s a quick technical analysis.
Key Observations:
1. Current Price: $0.0538, up +1.70%
2. Recent Low: $0.0488
3. Recent High: $0.0557
4. Volume Spike: Increased green volume indicates buying pressure.
5. Moving Averages:
MA(7): $0.0545 (short-term average above current price — potential resistance)
MA(25): $0.0523 (price above this — bullish)
MA(99): $0.0561 (longer-term resistance overhead)
6. RSI (7): 55.14 — Neutral, but leaning slightly toward bullish momentum.
Short-Term Outlook (1H):
Bullish Bias, but facing slight resistance near the $0.0545–$0.0557 zone.
If the price breaks and holds above $0.0557, it could test the MA(99) around $0.0561 or higher.
However, if it fails to hold above $0.0535, it might retest support near $0.0520–$0.0505.
