$MUBARAK gained 15% in a session early in October. It is now gradually sliding back toward its starting point.
On October 5, $MUBARAK rose nearly 15% in a single day, pushing the price to around $0.0797, with volume triple the usual level. Since then, the price has steadily contracted, shedding about 7% over the past four sessions.
$MUBARAK is currently trading around $0.0704. The 4-hour RSI has fallen to 45.7, below both the 9-period EMA and the 45-period WMA on this timeframe. The nearest support is at $0.0701, with the next level down at $0.0655.
$MUBARAK was previously tagged Seed by Binance, placing it among highly volatile assets, with thinner liquidity than the larger meme coins on the exchange.
Personal observation, not investment advice
#TinFed #TheoDõiFOMC #MUBARAK
On October 5, $MUBARAK rose nearly 15% in a single day, pushing the price to around $0.0797, with volume triple the usual level. Since then, the price has steadily contracted, shedding about 7% over the past four sessions.
$MUBARAK is currently trading around $0.0704. The 4-hour RSI has fallen to 45.7, below both the 9-period EMA and the 45-period WMA on this timeframe. The nearest support is at $0.0701, with the next level down at $0.0655.
$MUBARAK was previously tagged Seed by Binance, placing it among highly volatile assets, with thinner liquidity than the larger meme coins on the exchange.
Personal observation, not investment advice
#TinFed #TheoDõiFOMC #MUBARAK