$MUBARAK Down for 4 consecutive days, falls below $0.06
$MUBARAK has dropped from a high of $0.0836 on October 12 to around $0.057, losing nearly a third of its value in four days. On the 4-hour chart, RSI14 is down to just 28, and the price is below both EMA9 and WMA45, with sellers still in control.
Volume on the latest candle was only one-third of the average for the previous 20 candles, suggesting selling pressure is no longer as intense as when the price first broke down from its peak.
The $0.0524 area is the nearest support, having been tested once before, about 7% below the current price. Above, $0.0609 is the first resistance.
Binance classifies $MUBARAK as a Seed asset, with high volatility and still-thin liquidity.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #MUBARAK
$MUBARAK has dropped from a high of $0.0836 on October 12 to around $0.057, losing nearly a third of its value in four days. On the 4-hour chart, RSI14 is down to just 28, and the price is below both EMA9 and WMA45, with sellers still in control.
Volume on the latest candle was only one-third of the average for the previous 20 candles, suggesting selling pressure is no longer as intense as when the price first broke down from its peak.
The $0.0524 area is the nearest support, having been tested once before, about 7% below the current price. Above, $0.0609 is the first resistance.
Binance classifies $MUBARAK as a Seed asset, with high volatility and still-thin liquidity.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #MUBARAK