$MUBARAK /USDT – Daily Chart Analysis Trying to Bounce — B
koinmilyoner
Updated at: 3 hours ago
{"content":"$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!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/23/39e01790eb144633ae3976a07f3ab5bf.png"],"tags":[],"tradingPairs":["MUBARAK/USDT"],"quotearticleid":0}