Market Overview for Mubarak/Tether (MUBARAKUSDT)

Summary
• Price opened at $0.01476 and declined to a 24-hour low of $0.01423 before closing near $0.01492.
• A bullish engulfing pattern formed near $0.0144–$0.0145, suggesting short-term buying interest.
• Volume and turnover spiked during the afternoon rebound but remain below morning levels, hinting at potential exhaustion.
• RSI suggests oversold conditions early, but price failed to hold key support at $0.01445.

Mubarak/Tether (MUBARAKUSDT) opened at $0.01476 and reached a 24-hour high of $0.01499, a low of $0.01423, and closed at $0.01492. Total volume for the 24-hour period was approximately 31,065,484.5 with a notional turnover of $454,460.

Structure & Formations

Price action revealed a key support cluster between $0.01445–$0.0145 and a resistance band at $0.0149–$0.0150. A bullish engulfing pattern emerged during the late afternoon rebound from the $0.01445 level, indicating short-term buyer participation. A doji formed near $0.01454 in the early hours of 2025-12-18, suggesting indecision at that level.

Moving Averages

On the 5-minute chart, the price closed above both the 20-period and 50-period moving averages by the end of the day, signaling some short-term strength. On the daily chart, the 50-period MA sits near $0.0146, the 100-period at $0.0145, and the 200-period at $0.0144, placing the current price in a mixed technical environment.

MACD & RSI

The MACD line crossed above the signal line during the afternoon rebound, confirming short-term bullish momentum. The RSI reached oversold territory at 29, but failed to trigger a sustained recovery, hinting at weak follow-through buying. The RSI has since risen to 53, reflecting a neutral zone with potential for further consolidation.

Bollinger Bands

Volatility expanded during the morning decline, with the upper band reaching $0.0149 and the lower band falling to $0.0143. Price spent much of the day near the lower band, indicating a bearish bias, before bouncing back toward the middle band. The bounce did not close above the middle, signaling tentative strength.

Volume & Turnover

The highest volume spike occurred during the morning sell-off, with over 1.8 million units traded. A smaller but notable volume increase followed the afternoon rebound, suggesting a partial reversal of bearish pressure. However, volume remained below morning levels, indicating weaker conviction in the upward move.

Fibonacci Retracements

On the 5-minute chart, the afternoon rally from $0.01423 reached the 61.8% Fibonacci retracement level at $0.01461, where it stalled. On the daily chart, the 38.2% and 61.8% retracement levels are at $0.0145 and $0.0146, respectively, both of which may provide short-term support or resistance as the market continues to test these levels.

The price appears to be in a consolidative phase after a morning-driven sell-off, with some short-term support levels holding. A sustained move above $0.0149 may attract new buyers, but a breakdown below $0.01445 could reignite bearish sentiment. Investors should remain cautious and watch for any divergence in momentum indicators ahead of the next 24-hour period.