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

Summary
• Price tested key support at $0.0162, rebounding with a bullish engulfing pattern in the morning ET session.
• RSI shows moderate momentum with no overbought or oversold signals, suggesting balanced buying and selling pressure.
• Volatility expanded after a brief consolidation, with volume surging during the 18:15–19:30 ET rally.
• Bollinger Bands widened as price broke above the upper band briefly, indicating a potential breakout attempt.
• Fibonacci retracement at 0.01662 appears to have acted as dynamic support during the late ET sell-off.

Mubarak/Tether (MUBARAKUSDT) opened at $0.01631 on 2025-12-22 at 12:00 ET and reached a high of $0.0172 before closing at $0.01658 on 2025-12-23 at 12:00 ET, with a low of $0.01618. Total volume over 24 hours was 136,196,376.5 and turnover was approximately $2,270,514. The market showed signs of internal consolidation followed by a test of key levels.

Structure & Candlestick Patterns

A bullish engulfing pattern formed during the 17:00–17:30 ET window as the pair moved from $0.01631 to $0.01662, signaling short-term buying interest. Later, a bearish reversal occurred around 19:30 ET with a rejection at $0.01659, confirming a potential short-term ceiling. A doji appeared at 21:15 ET, suggesting indecision after a brief rebound.

Moving Averages and Momentum

The 20-period and 50-period 5-minute moving averages diverged, with the 20-period line rising above the 50-period, supporting a short-term bullish bias. Over the daily chart, the 50-period MA is above the 100 and 200-period lines, indicating a longer-term bearish trend. The MACD showed a positive divergence during the afternoon ET rally, while RSI remained between 50 and 65, reflecting moderate momentum.

Volatility and Bollinger Bands

Bollinger Band width expanded sharply during the 18:15–19:00 ET window as price surged to $0.01702 and briefly touched the upper band. This volatility was followed by a contraction as the pair stabilized around $0.0165–0.01665. Price spent significant time near the 20-period moving average, suggesting a potential continuation of the consolidation.

Volume and Turnover Analysis

Volume spiked during the 18:15–19:30 ET period with over $12.5 million in turnover, confirming the strength of the rally from $0.0166 to $0.01702. However, volume fell off sharply after 20:00 ET, indicating fading momentum. Turnover dropped below $200,000 during the 04:00–06:00 ET consolidation phase, suggesting a lack of conviction among traders.

Fibonacci Retracements and Key Levels

A recent 5-minute swing from $0.01628 to $0.0172 saw key Fibonacci levels at 0.01662 (38.2%) and 0.01684 (61.8%) acting as support and resistance, respectively. The daily chart’s Fibonacci retracement levels, based on a swing from $0.0162 to $0.01702, suggest that a retest of the 0.0164–0.0165 zone is likely.

Over the next 24 hours, Mubarak/Tether could test the $0.0166–0.0168 range, with the 61.8% Fibonacci level at $0.01684 acting as a potential short-term cap. Traders should remain cautious as volume has not fully confirmed a breakout, and a prolonged consolidation may lead to a potential pullback toward $0.0162–0.0164.