MUBARAK SLIDES DEEP INTO RED đšđ
The $MUBARAK token crumbled through its $0.08686 resistance early in the session, erasing the 24âhour high and exposing a massive sellâoff that left the candle closing near $0.0529. Volume surged past $447âŻM, confirming aggressive liquidation from futures shorts as macroâlevel order blocks were ripped apart đ.
Now the price is testing the $0.05030 support zone, a former order block that held during the last rally. A clean break would signal a structural breakdown, while a bounce could reframe the move as a steep but potentially healthy correction. The midârange $0.06867 remains a distant target for any shortâterm recovery đ.
Futures funding rates turned sharply negative, amplifying the downward pressure as leveraged positions unwind. The order block that anchored the $0.052â$0.055 band is now fragmented, and the market depth shows diminishing buy walls. If sellers maintain the momentum, the next plausible trough lies near $0.045, where historic liquidity has previously resurfaced đ.
Levels to monitor:
Watching support around $0.05030
Structure suggests resistance near $0.08686
Mid range area: $0.06867
DYOR
Follow for Updates
#MUBARAK #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $MUBARAK token crumbled through its $0.08686 resistance early in the session, erasing the 24âhour high and exposing a massive sellâoff that left the candle closing near $0.0529. Volume surged past $447âŻM, confirming aggressive liquidation from futures shorts as macroâlevel order blocks were ripped apart đ.
Now the price is testing the $0.05030 support zone, a former order block that held during the last rally. A clean break would signal a structural breakdown, while a bounce could reframe the move as a steep but potentially healthy correction. The midârange $0.06867 remains a distant target for any shortâterm recovery đ.
Futures funding rates turned sharply negative, amplifying the downward pressure as leveraged positions unwind. The order block that anchored the $0.052â$0.055 band is now fragmented, and the market depth shows diminishing buy walls. If sellers maintain the momentum, the next plausible trough lies near $0.045, where historic liquidity has previously resurfaced đ.
Levels to monitor:
Watching support around $0.05030
Structure suggests resistance near $0.08686
Mid range area: $0.06867
DYOR
Follow for Updates
#MUBARAK #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare