Market Overview: Mubarak (MUBARAKUSDT) 24-Hour Technical Summary

Generated by AI AgentAinvest Crypto Technical Radar
Sunday, Aug 10, 2025 1:24 pm ET1min read
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- Mubarak (MUBARAKUSDT) fell from $0.03899 to $0.03580 in 24 hours, testing key support at $0.0362–$0.0365 after a bearish engulfing pattern at $0.0383.

- RSI hit oversold levels (<30) and Bollinger Bands expanded lower, confirming bearish momentum amid sharp volatility and $16.23M turnover.

- Volume spiked during key breakdowns but diverged near $0.0365, while Fibonacci retracements suggest $0.0362–$0.0365 as critical short-term support.

- Price remains below all major moving averages, with potential bounce to $0.0370–$0.0375 if buyers emerge, or deeper correction to $0.0355 on breakdown.

• Mubarak traded in a tight range for most of the session before breaking lower, testing key support at $0.0362–$0.0365.
• A bearish engulfing pattern formed near $0.0383, signaling potential short-term bear momentum.
• Volatility expanded sharply in the final 6 hours, with volume spiking at key breakdowns.
• RSI dipped into oversold territory (<30) during the final 3 hours, hinting at potential near-term reversal. •

Bollinger
Bands contracted mid-session before exploding lower, confirming bearish continuation.

Market Overview

Mubarak (MUBARAKUSDT) opened at $0.03809 on 2025-08-09 at 12:00 ET and reached a high of $0.03899 before declining to a 24-hour low of $0.03580 at 08:15 ET. The pair closed at $0.03693 at 12:00 ET on 2025-08-10. Total volume for the 24-hour period was 447,118,418.6 units, with a notional turnover of $16,230,320.

Structure & Formations

The 15-minute chart shows a bearish engulfing pattern at $0.0383–$0.0385, confirming a shift in sentiment after a 3-hour consolidation phase. A key support zone at $0.0362–$0.0365 has held three times over the past 6 hours, forming a potential short-term floor. A doji formed at $0.03664 on 2025-08-10 at 10:30 ET, suggesting indecision ahead of a potential bounce.

Moving Averages

The 20-period and 50-period SMAs on the 15-minute chart both trended downward, confirming bearish momentum. On the daily chart, the price remains below all major moving averages (50, 100, 200), indicating long-term bearish bias.

Momentum & Volatility

The RSI dipped below 30 on four occasions in the final 3 hours of the session, reaching as low as 26. This suggests oversold conditions and could signal a short-term rebound. MACD crossed below the signal line with bearish divergence, confirming the downward drift. Bollinger Bands contracted during the early hours before expanding sharply lower, reinforcing the bearish breakout.

Volume & Turnover

Volume spiked during the key breakdowns, particularly between 08:00–08:30 ET and 10:45–11:15 ET. However, price and volume diverged slightly near $0.0365, with volume declining despite continued selling pressure. Total turnover reached $16.23 million, concentrated in three key breakdowns between $0.0384 and $0.0366.

Fibonacci Retracements

On the 15-minute chart, price found initial support at the 38.2% retrace level of the recent $0.0386–$0.0366 swing, before breaking into the 61.8% zone. This suggests that $0.0362–$0.0365 could serve as a critical short-term floor ahead of potential countertrend buying.

Mubarak could test $0.0362–$0.0365 in the coming 24 hours, with a potential bounce into $0.0370–$0.0375 if buyers step in. However, a breakdown below $0.0362 could signal a deeper correction to $0.0355. As always, monitor volume and RSI for confirmation of trend continuation or reversal.