$MUBARAK /USDT TECHNICAL ANALYSIS: BEARS IN CONTROL AS PRICE SLIDES TO $0.0386
The $MUBARAK /USDT pair is trading at $0.0386, down -9.39% over the past 24 hours, extending its bearish streak. With continued negative performance over the last 7 days (-10.65%) and 30 days (-21.86%), the downtrend shows no signs of reversal yet.
📊 Key Price Data:
24H High: $0.0431
24H Low: $0.0378
Volume: 332.04M MUBARAK, equal to $13.55M USDT, signaling strong selling pressure and high activity.
🔍 Technical Overview (1H Timeframe):
Resistance: Nearest resistance sits between $0.0410 - $0.0430, where previous upside attempts were rejected.
Support: Immediate support is now at $0.0378, the recent daily low — a breakdown below this could trigger further losses.
Trend: Momentum remains bearish with consistent lower highs and lower lows on intraday charts.
🔮 Outlook:
Bearish Scenario: If $0.0378 fails to hold, the price may decline toward $0.0360 - $0.0345.
Bullish Scenario: A rebound is only likely if the price breaks above $0.0410, which could target $0.0430 as a next resistance.
✅ Summary:
MUBARAK is under heavy selling pressure with no immediate signs of reversal. Traders should watch for a confirmed hold above key support or a clean breakout above resistance before considering bullish entries.
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