$MUBARAK /USDT – Daily Chart Analysis

Trying to Bounce — But Trend Still Under Pressure

📊 Market Overview:

MUBARAK is trading at $0.0312, up +3.31% today, attempting a small bounce from recent lows. Price remains below both the 7-day ($0.0319) and 25-day MA ($0.0366), showing clear signs of weakness.

🔍 Technical Insight:

The massive sell-off from above $0.12 in April continues to weigh heavily.

Current price action is consolidating just above its recent support zone (~$0.0300).

Momentum indicators would likely remain bearish unless a break above the $0.0370–0.0400 area occurs.

Volume remains relatively low, indicating lack of strong buyer conviction.

🎯 Potential Price Targets:

Target 1: $0.0345 – short-term resistance near local highs

Target 2: $0.0380 – previous support turned resistance

Target 3: $0.0450 – full bullish reclaim zone

If support at $0.0300 fails, price could revisit $0.0260 or lower.

⚠️ Final Word:

While today’s green candle is a start, bulls need follow-through and a move above the moving averages to signal a reversal. Until then, the trend remains technically bearish.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!