Market Overview for Mubarak/Tether (MUBARAKUSDT) – 2025-10-06

• MUBARAKUSDT traded in a tight range most of the day before a strong upward reversal in the final hours.
• The RSI and MACD suggest renewed bullish momentum with no immediate signs of overbought conditions.
• Bollinger Band contraction mid-day gave way to expansion, supporting breakout potential.
• Volume spiked during the late-ET rebound, confirming price action and closing above key support.

Mubarak/Tether (MUBARAKUSDT) opened at $0.03341 on 2025-10-05 at 12:00 ET and closed at $0.03444 on 2025-10-06 at 12:00 ET, with a high of $0.035 and a low of $0.03224 over the 24-hour period. Total trading volume reached 55,358,223.6 and notional turnover amounted to $1,852,000, reflecting heightened interest in the pair.

Structure & Formations

The 24-hour chart revealed a key support zone around $0.0324–0.0326, where the price found multiple bounces and retests, especially during the mid-to-late ET hours. A strong bullish reversal occurred around 06:00 ET with a large green candle that pierced key resistance at $0.0331 and continued to push higher. Notable candlestick patterns included a Bullish Engulfing at 07:15 ET and a Bullish Abandoned Baby at 08:30 ET, signaling potential trend continuation. A Bullish In-Shadow pattern also emerged at 15:30 ET, reinforcing the idea of a potential reversal in momentum.

Moving Averages

On the 15-minute chart, the price crossed above both the 20-EMA and 50-EMA around 06:30 ET, indicating a bullish crossover. The 20-EMA was at $0.0337, and the 50-EMA at $0.0335, suggesting strong upward bias. On the daily chart, the price was above the 50-period SMA ($0.0331), while the 100- and 200-period SMAs were at $0.0329 and $0.0325 respectively, further supporting a medium-term bullish outlook.

MACD & RSI

The MACD turned positive during the early ET hours and remained above the signal line, with the histogram expanding after 06:30 ET, indicating strong bullish momentum. The RSI, which had been in oversold territory earlier in the day, crossed back into neutral to overbought levels by the close, reaching 60 at 09:30 ET and peaking at 72 just before the close. This suggests continued buying pressure and the possibility of a short-term overbought correction.

Bollinger Bands

The Bollinger Bands experienced a noticeable contraction between 03:30 ET and 06:30 ET, compressing the price between $0.0326 and $0.0329, signaling potential volatility buildup. Following the consolidation, the price broke out above the upper band at 07:15 ET and continued to expand until the close. The upper band was at $0.0338, and the lower band at $0.0324, with the price finishing near the upper band, supporting a continuation of the upward move.

Volume & Turnover

Volume surged during the late ET hours, with the largest volume candle occurring at 07:15 ET with 8,058,280.3 units traded, supporting the price breakout. Notional turnover also spiked during the same period, aligning with the price action and confirming the strength of the bullish trend. Divergence between volume and price was not observed during the session, indicating solid conviction behind the move higher.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing low at $0.03224 and swing high at $0.0345, the 38.2% level at $0.03333 was a key support level that held during a mid-day pullback. The 61.8% level at $0.03384 acted as a resistance during the early ET session before the price broke through it. On the daily chart, the 50% and 78.6% Fibonacci levels aligned with key moving averages, reinforcing the importance of $0.0331 and $0.0337 as pivot points for future price action.

Backtest Hypothesis

For a potential backtest strategy, consider a long bias triggered by a Bullish Engulfing or Bullish Abandoned Baby pattern forming above the 20-EMA and confirmed by a break of the upper Bollinger Band. Stop-loss could be placed below the 61.8% Fibonacci level, with take-profit set at the next resistance, either the 50-EMA or the prior high. Given the recent behavior of RSI and MACD, the strategy could be enhanced with a trailing stop once momentum is confirmed, particularly after volume surges align with price breakouts.