Market Overview for Mubarak/Tether (MUBARAKUSDT): November 11, 2025

• Price opened at 0.01968 and closed at 0.01991 after volatile swings.
• Volume surged to 5.1 million on a bullish rebound.
• MACD showed mixed momentum, while RSI hinted at overbought levels.
• Bollinger Bands widened as volatility spiked.
• Turnover and price diverged mid-session, suggesting mixed positioning.

Mubarak/Tether (MUBARAKUSDT) opened at 0.01968 on November 10 at 12:00 ET and reached a high of 0.02065 before closing at 0.01991 on November 11 at 12:00 ET. The 24-hour period saw significant volatility, with a low of 0.01944. Total volume reached 29,620,965.7 and notional turnover hit approximately $590,422, based on mid-range price assumptions.

The price formation over the 24 hours revealed a strong bearish reversal followed by a sharp bullish rebound. The most notable move occurred between 20:15–20:30 ET, where the pair surged from 0.02021 to 0.02056, indicating a short-covering rally. A key support level was identified at 0.01991, which held through the session. A bullish engulfing pattern formed late in the session, suggesting potential short-term buying interest.

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA early in the session, indicating a short-term bearish bias. However, this bearish signal was later negated as the price broke above the 50-period SMA. On the daily chart, the 200-period SMA appears to act as a strong support at 0.01990–0.01992, which may help stabilize further declines.

MACD turned positive in the final hours of the session, with a narrowing histogram, suggesting a potential momentum shift. RSI reached 64 near the close, indicating a near-overbought condition and hinting that a pullback may be due. Bollinger Bands widened significantly during the bullish rebound, signaling increased volatility. The price closed near the upper band, suggesting continuation potential but with growing resistance above 0.02020.

The Fibonacci retracement levels derived from the 0.01944–0.02062 swing identified key levels: 0.01976 (38.2%) and 0.01960 (61.8%). The price held above both in the final hours, suggesting short-term buyers may be active.

Backtest Hypothesis

The backtesting strategy applied to MUBARAKUSDT over the 2022–2025 period using a simple 7-day holding period yielded poor performance, with a negative total return of –23.2% and a Sharpe ratio of –0.04. This highlights the inefficacy of rigid time-based exits in a volatile and low-liquidity asset like MUBARAKUSDT. The high drawdown of 49.8% and average losing trade of –1.76% underscore the need for better risk management. Implementing dynamic exits based on MACD divergence or ATR thresholds could significantly improve performance. Trend-following filters (e.g., 200-day MA crossovers) may also help avoid trades during prolonged bearish phases.