MUBARAK SLIDES DEEP INTO RED 🚨📉
The $MUBARAK token crumbled through its $0.08686 resistance early in the session, erasing the 24‑hour high and exposing a massive sell‑off that left the candle closing near $0.0529. Volume surged past $447 M, confirming aggressive liquidation from futures shorts as macro‑level order blocks were ripped apart 😔.
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 mid‑range $0.06867 remains a distant target for any short‑term recovery 🚀.
Futures funding rates turned sharply negative, amplifying the downward pressure as leveraged positions unwind. The order block that anchored the $0.052‑$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 😟.
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 24‑hour high and exposing a massive sell‑off that left the candle closing near $0.0529. Volume surged past $447 M, confirming aggressive liquidation from futures shorts as macro‑level order blocks were ripped apart 😔.
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 mid‑range $0.06867 remains a distant target for any short‑term recovery 🚀.
Futures funding rates turned sharply negative, amplifying the downward pressure as leveraged positions unwind. The order block that anchored the $0.052‑$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 😟.
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