$MUBARAK | Descending Trendline Finally Breaks 📈
MUBARAK is showing a promising shift after spending a long period under a clear descending trendline. The current price is around $0.0249, with the latest candle breaking above the trendline that has been suppressing price for months. The move from the $0.0060 low shows that buyers are gradually returning, but the breakout still needs confirmation through follow-through buying and sustained price above the trendline.
The first resistance to watch is $0.030–$0.035, followed by $0.060 as the major resistance zone. If MUBARAK can reclaim and hold above these levels, the recovery could accelerate toward $0.080–$0.10. On the downside, $0.020–$0.022 is the immediate support area, while $0.0060 remains the major base. The structure is improving, but after the breakout, a retest of the trendline would provide a much healthier setup than chasing the initial pump.
Trade From Here (DYOR) 👇
MUBARAK is showing a promising shift after spending a long period under a clear descending trendline. The current price is around $0.0249, with the latest candle breaking above the trendline that has been suppressing price for months. The move from the $0.0060 low shows that buyers are gradually returning, but the breakout still needs confirmation through follow-through buying and sustained price above the trendline.
The first resistance to watch is $0.030–$0.035, followed by $0.060 as the major resistance zone. If MUBARAK can reclaim and hold above these levels, the recovery could accelerate toward $0.080–$0.10. On the downside, $0.020–$0.022 is the immediate support area, while $0.0060 remains the major base. The structure is improving, but after the breakout, a retest of the trendline would provide a much healthier setup than chasing the initial pump.
Trade From Here (DYOR) 👇