Market Overview for Mubarak/Tether (MUBARAKUSDT) on 2025-10-26

• Price rose from 0.02434 to 0.02470 before retreating to 0.02427 by 00:00 ET, signaling mixed momentum.
• Volume surged to 5.56M contracts in the final 15-minute candle, indicating heightened activity.
• A bearish reversal pattern emerged near 0.0245, followed by a sharp retracement below 0.0244.
• RSI hovered near overbought and oversold levels, reflecting volatile and diverging momentum.
• Bollinger Bands showed a modest expansion, with price closing near the lower band, hinting at potential consolidation.

24-Hour Price and Volume Snapshot

The Mubarak/Tether (MUBARAKUSDT) pair opened at 0.02434 at 12:00 ET-1 and reached a high of 0.02470 before closing at 0.02427 at 12:00 ET on 2025-10-26. The price action reflected significant volatility, with a low of 0.02424. The total 24-hour trading volume was 14,961,260.0 contracts, and the total turnover (notional value) was approximately 364,785.2 USD.

Structure & Formations

Key resistance appears to be forming around the 0.0245–0.0246 level, where multiple candles showed bearish reversal patterns, including a potential bearish engulfing pattern. Notably, a candle at 2025-10-25 194500 opened at 0.02461 and closed at 0.02463 but fell back sharply in the following hours. The 0.02434–0.02444 range appears to have become a key support level, especially after a bearish breakdown in the last few hours.

A doji-like formation near 0.02446 in the 214500 candle suggested indecision, with buyers failing to push price higher than the prior 15-minute period. The last 15-minute candle showed bearish dominance, with a 0.02424 low and a 0.02429 high, indicating weak follow-through from short-term buyers.

MACD and RSI Momentum Indicators

The MACD showed a weakening bullish signal, with the histogram declining over the course of the day. The line crossed below the signal line during the late trading hours, suggesting bearish momentum is taking over. The RSI oscillated between 20–80, indicating volatile conditions without a clear overbought or oversold signal. However, a divergence between the RSI and price occurred during the 220000–230000 window, which may suggest an impending reversal.

Bollinger Bands and Volatility

Bollinger Bands reflected a modest expansion in volatility throughout the session, with the upper band reaching 0.02467 and the lower band settling at 0.02423 by 00:00 ET. Price closed near the lower band, suggesting that sellers may have stepped in to absorb any rebound bids. A retest of the lower band could confirm a bearish bias for the next 24 hours.

Volume and Turnover Analysis

Volume spiked dramatically in the final 15-minute candle, reaching 5.56M contracts, with a turnover of 137,293.9 USD. This indicates strong bearish conviction at the end of the session. Earlier, the 2025-10-25 194500 candle also showed a large volume of 840,650.5 contracts and a turnover of 20,588.3 USD, reinforcing the significance of the 0.02463–0.02463 reversal. Divergence in volume and price was observed during the 220000–230000 window, suggesting possible exhaustion among buyers.

Backtest Hypothesis

Given the bearish reversal patterns observed in the 0.0245–0.0246 level and the subsequent breakdown, a backtesting strategy could be constructed around identifying key Bearish-Engulfing patterns in the 15-minute chart. Once confirmed, the exit rule—interpreted as Option B—would be to close the position when the price retraces 61.8% of the range of the Bearish-Engulfing candle (from its high to its low).

This approach would require confirming the MUBARAKUSDT symbol on the correct exchange, or verifying the data source. Once confirmed, the back-test would pull historical Bearish-Engulfing patterns and apply the 61.8% retracement exit rule from 2022-01-01 to 2025-10-26. The results would then be visualized with charts and statistical performance metrics to evaluate the strategy's robustness.