Market Overview for Mubarak/Tether (MUBARAKUSDT)

Summary
• Price action shows bearish bias with 0.01643 as key support and 0.01669 as resistance.
• RSI indicates moderate momentum with no clear overbought or oversold signals.
• Bollinger Bands show recent contraction, hinting at potential volatility.
• Volume spikes at 0.01622–0.01633 suggest renewed selling pressure.

Mubarak/Tether (MUBARAKUSDT) opened at 0.01663 on 2025-12-13, touched a high of 0.01669, a low of 0.01622, and closed at 0.01610 on 2025-12-14. Total 24-hour volume was 11,768,264.5 with a turnover of approximately $190,265.

Structure & Formations

Price action suggests a bearish bias, with a significant support level forming around 0.01643 and a key resistance at 0.01669. A long lower shadow at 0.01633–0.01643 implies rejection at that level. A potential bearish engulfing pattern was observed between 0.01663–0.01653 early in the session.

Moving Averages

On the 5-minute chart, the 20SMA and 50SMA show a bearish crossover, reinforcing the downtrend. On the daily chart, the 200DMA remains well above current price, indicating a longer-term bearish backdrop.

MACD & RSI

MACD remained in negative territory for much of the session, with a weak bullish crossover in the final hours. RSI drifted between 30 and 50, suggesting moderate momentum without clear overbought or oversold conditions.

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Bollinger Bands

Bollinger Bands showed a period of contraction around 0.01645–0.0166, followed by a breakout to the downside, indicating a potential increase in volatility. Price remains below the 20-period lower band, reinforcing bearish pressure.

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Volume & Turnover

Volume spiked sharply in the 09:30–10:45 ET window, aligning with the breakdown from 0.0162–0.0163 to 0.0161. Turnover during this period exceeded $100,000, suggesting meaningful selling pressure. Divergence between price and volume in the 05:15–06:15 window may indicate short-covering or weak distribution.

Fibonacci Retracements

A key Fibonacci level at 61.8% of the recent 0.01669–0.01622 move lies around 0.01644, aligning with a prior support area. A bounce off 38.2% at 0.01649 failed to hold, reinforcing bearish sentiment.

Over the next 24 hours, a test of the 0.01610–0.01620 range could trigger a rebound or a deeper test of 0.01605. Investors should remain cautious of volume divergence and bearish signals at key support levels.