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$MUBARAK /USDT – Daily Chart Analysis Trying to Bounce — B

CryptoPotato

Updated at: 4 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}

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