Summary
• Price formed a bullish engulfing pattern near $0.0151 after a pullback from $0.01535.
• RSI shows moderate momentum at 48, not overbought or oversold.
• Volatility expanded after 10:00 ET, with volume spiking on the upside.
• Bollinger Bands indicate a moderate contraction earlier before recent expansion.
• The 5-minute 20 SMA crossed above the 50 SMA, suggesting short-term bullish bias.
Market Overview
Mubarak/Tether (MUBARAKUSDT) opened at $0.01527 on 2025-12-21 at 12:00 ET, reached a high of $0.01546, a low of $0.01496, and closed at $0.01544 on 2025-12-22 at 12:00 ET. Total 24-hour volume was 13.02 million, with notional turnover of $201,647.
Structure & Formations
The price formed a bullish engulfing pattern around $0.0151 after a sharp intraday pullback, signaling potential short-term reversal. A key support level appears at $0.01505, where the price consolidated for several hours.
Resistance is forming around $0.01545, with the recent high at $0.01546 showing initial rejection.
Moving Averages
On the 5-minute chart, the 20 SMA crossed above the 50 SMA, suggesting a short-term bullish bias. The daily 50 SMA is slightly above the 200 SMA, indicating a mixed to neutral trend outlook.
MACD & RSI
The MACD crossed into positive territory after 10:00 ET, aligning with the upward move. RSI remains balanced at 48, indicating moderate momentum without overbought or oversold conditions.
Bollinger Bands
Volatility was moderate to low for most of the session, with a contraction in the morning. A sharp expansion occurred after 10:00 ET, with price pushing toward the upper band. The bands have widened, suggesting potential for a continuation or consolidation.
Volume & Turnover
Volume increased significantly during the upward move, especially after 10:00 ET, with the largest 5-minute candle recording 5.7 million volume. Turnover spiked with the bullish breakout, confirming the price action.
Fibonacci Retracements
Key Fibonacci levels suggest a potential bounce from the 61.8% retracement at $0.0151 and a possible next target at $0.01546, the most recent high. The daily swing retraced 50% at $0.01529, where the price found initial resistance.
Momentum remains in favor of a test of the $0.01545–0.01546 level, with a potential pullback to $0.0152–0.0153 if buyers retreat. Investors should remain cautious of potential bearish divergence if volume fails to confirm further upward movement.
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