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

Summary
• Price surged 5.8% from $0.01595 to $0.0166 at 12:00 ET, forming a bullish engulfing pattern.
• Volume increased by 230% in the final 3 hours, confirming upward momentum.
• RSI reached 64 at 12:00 ET, suggesting caution but not overbought conditions.
• Bollinger Bands widened post-10:00 ET, indicating rising volatility.
• Key support at $0.01611 held; next resistance targets $0.01675 and $0.01689.

Mubarak/Tether (MUBARAKUSDT) opened at $0.01595 on 2025-12-12 and closed at $0.0166 on 2025-12-13. The pair reached a high of $0.01681 and a low of $0.01593 during the 24-hour window. Total volume amounted to approximately 21.2 million units, with a notional turnover of around $341,000 (based on average price).

Structure & Formations

Price action featured a strong bullish engulfing pattern at $0.01619–$0.01629, followed by a sustained rally to $0.01681. A key support level emerged at $0.01611, which held during the consolidation phase from 20:00 to 04:00 ET. A 5-minute doji near $0.01665 at 06:45 ET suggests potential short-term indecision.

Moving Averages

On the 5-minute chart, price has been above the 20-period MA since 03:00 ET and crossed above the 50-period MA at 02:30 ET. Daily MAs (50/100/200) are not fully available, but the 24-hour closing price at $0.0166 is well above the 50-day average, signaling bullish alignment.

MACD & RSI

MACD turned positive at 03:00 ET and maintained a bullish divergence with RSI, which climbed to 64 by 12:00 ET. While not yet overbought, RSI readings above 60 suggest that further gains may depend on sustained volume. A sharp RSI drop below 50 could signal a potential pullback.

Bollinger Bands

Volatility expanded notably between 10:00 and 13:00 ET, with price trading near the upper band during the breakout phase. The band width increased by ~30% from 09:00 to 13:00, indicating rising market interest and potential for continued upward movement.

Volume & Turnover

Volume surged sharply after 09:00 ET, with a total of ~4.0 million units traded between 00:30 and 01:00 ET. Turnover spiked concurrently, reaching ~$69,000 during that period. Price and turnover aligned during the breakout, suggesting strong conviction in the upward move.

Fibonacci Retracements

From the 5-minute swing low at $0.01611 to the high at $0.01681, the 50% level at $0.01646 served as temporary resistance before the price broke through. The 61.8% level at $0.01665 became a critical area that may now act as support.

Looking ahead, MUBARAKUSDT appears poised to test the $0.01675–$0.01689 resistance cluster, with volume and MACD likely to confirm or refute the breakout. Traders should remain cautious of a potential pullback to test the $0.01645–$0.01655 range in the next 24 hours.