Market Overview for Mubarak/Tether (MUBARAKUSDT) on 2025-10-11

• Mubarak/Tether (MUBARAKUSDT) fell sharply in the first 4 hours of the 24-hour period, dropping from 0.0328 to 0.0299.
• A bearish trend continued with a key support break at 0.0250 and further declines to 0.0228.
• Price found temporary stability in the last 6 hours, hovering near 0.0242 with no clear reversal sign.
• RSI and MACD confirm bearish momentum; volatility remains elevated due to large down-move.
• Volume and turnover surged in the initial phase of the decline, suggesting strong selling pressure.

Mubarak/Tether (MUBARAKUSDT) opened the 24-hour period at 0.03283 on 2025-10-10 at 12:00 ET, fell to a low of 0.0224 on the following day, and closed at 0.0242 at 12:00 ET. Total volume reached 332,006,543.3 and notional turnover amounted to approximately 7,950,836.12. A sharp bearish move unfolded in the first 4 hours, followed by a slower consolidation phase, highlighting key resistance and support levels.

Structure & Formations

Price fell decisively below 0.0250, forming a strong bearish trend. Key support levels at 0.0235 and 0.0228 are now in focus. A long bearish candle closed near its low at 0.0228, signaling weak conviction to reverse. A potential short-term reversal may emerge if price holds above 0.0230, though bearish continuation remains probable.

Moving Averages (15-Min)

On the 15-minute chart, price is well below its 20-period and 50-period moving averages, confirming short-term bearish momentum. These moving averages are trending downward, suggesting bearish continuation in the near term.

MACD & RSI

The 15-minute MACD remains in negative territory, with the histogram showing bearish momentum. The RSI has fallen below 30, indicating oversold conditions, though this may reflect continued selling rather than a reversal setup. Divergence between price and RSI is minimal, suggesting continued bearish pressure.

Bollinger Bands

Volatility expanded during the sharp sell-off, with price reaching the lower band at 0.0224. Currently, price is consolidating near the lower half of the bands, suggesting a potential bounce could be in play if buyers step in. However, this remains speculative without confirmation.

Volume & Turnover

Volume spiked during the initial leg of the sell-off, particularly during the 21:00–22:00 ET period, with large candle bodies confirming bearish conviction. Turnover also surged in line with the price drop. Volume has since moderated, though it remains elevated compared to previous periods, supporting continued downward bias.

Fibonacci Retracements

Applying Fibonacci to the major 0.0328–0.0224 move, key levels at 0.0268 (38.2%) and 0.0249 (61.8%) were tested or oversold. The 61.8% level at 0.0249 has held as a key support, currently close to current price action. A break below this level could target 0.0228 next.

Backtest Hypothesis

A potential backtesting strategy for MUBARAKUSDT may leverage oversold RSI levels and Bollinger Band reversion. If price remains above the 61.8% Fibonacci level and RSI moves above 30 with increasing volume, a short-term reversal could be triggered. A bearish strategy could involve shorting on RSI above 60 with confirmation from MACD divergence and price action. These signals align with the current setup and may form the basis of a rules-based entry/exit strategy.