Market Overview for Mubarak/Tether (MUBARAKUSDT) – November 7, 2025

Summary
• MUBARAKUSDT opened at 0.01717 and closed at 0.01837 with a high of 0.01845 and a low of 0.01699.
• Strong positive momentum emerged after 03:00 ET as price pushed above 0.0181, with volume increasing to over 2 million contracts.
• A 12-hour consolidation phase after the high at 0.01845 may indicate a short-term equilibrium point.

The MUBARAKUSDT pair opened at 0.01717 at 12:00 ET–1 and closed at 0.01837 at 12:00 ET today, reaching a high of 0.01845 and a low of 0.01699 within the 24-hour window. Total volume reached 58.1 million contracts, with a notional turnover of approximately $1.04 million based on weighted average pricing. The price action showed a distinct upward bias in the latter half of the session, suggesting renewed bullish interest.

Structure & Formations

Price action developed a bullish flag pattern between 0.0175 and 0.01835 from 21:00 to 03:15 ET. A strong breakout from the descending triangle at 0.0181, confirmed by a 15-minute bullish engulfing pattern at 03:00 ET, marked a key reversal. A doji at 05:15 ET suggests potential exhaustion at the top. Key support levels appear to be forming at 0.0175 and 0.0173, while resistance is now at 0.0185 and 0.0187.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed above 0.0175 around 02:30 ET, providing early confirmation of the upward shift. On the daily chart, the 50-period moving average is currently below the 200-period, but the price remains above both, indicating a potential long-term bullish setup.

MACD & RSI

MACD crossed above zero at 03:00 ET, confirming the bullish momentum. The RSI reached a high of 68 at 05:15 ET, indicating moderate strength but not yet overbought. A divergence between RSI and price at the top of the move could suggest caution for near-term buyers.

Bollinger Bands

Volatility expanded significantly during the breakout from 0.0181 to 0.01845, with price closing near the upper band at 0.01837. A contraction in the bands is expected following the move, possibly signaling a consolidation phase ahead.

Volume & Turnover

Volume spiked during the 03:00–05:15 ET period, with over 10 million contracts traded at key inflection points. Notional turnover increased in line with price, showing strong conviction from buyers. A divergence between volume and price appears during the last two hours, suggesting a potential pullback may be ahead.

Fibonacci Retracements

On the 15-minute chart, the 0.618 retracement level at 0.0179–0.0180 acted as support during the consolidation phase. On the daily chart, the recent 61.8% retracement level aligns with the 0.0184–0.0185 range, now serving as potential resistance.

Backtest Hypothesis

The MACD golden cross on the 15-minute chart at 03:00 ET appears to be a significant trigger point. A backtesting strategy based on golden cross events (MACD crossover above zero) could be evaluated on historical data to assess entry success and drawdown metrics. This could help validate whether early confirmation from the 15-minute timeframe provides a high-probability setup.