Market Overview for Mubarak/Tether (MUBARAKUSDT): October 8, 2025

• Price opened at $0.03658 and closed at $0.03986, with a 24-hour high of $0.04473 and low of $0.03614.
• Momentum shifted from bearish to bullish, with a strong rally between 03:00–04:00 ET.
• Volatility expanded significantly in the early hours, with Bollinger Bands widening.
• High volume occurred between 03:00–05:00 ET, confirming price action during the breakout.
• RSI suggested overbought conditions late in the session, hinting at potential near-term pullback.

Mubarak/Tether (MUBARAKUSDT) opened at $0.03658 on October 7 at 12:00 ET and closed at $0.03986 on October 8 at 12:00 ET, hitting a 24-hour high of $0.04473 and a low of $0.03614. Total volume traded over 24 hours was approximately 302,893,437.70, and notional turnover amounted to $11,684.93. Price action revealed shifting momentum and key turning points.

Structure & Formations

Price formation showed several key levels of support and resistance during the session. A strong bullish engulfing pattern appeared around 19:15 ET (2025-10-07), where price opened at $0.03694 and closed at $0.03752, followed by a continuation of higher closes. A significant resistance level was identified near $0.0383, which was briefly broken but not strongly held. A potential support level was found near $0.0373, where price consolidated for several candles. A doji appeared at 00:45 ET (2025-10-08), indicating indecision after a strong rally.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish divergence starting around 03:00 ET, reinforcing the upward trend. The 50-period line crossed above the 100-period and 200-period lines during the morning hours (ET), signaling a potential trend reversal to the upside on a daily basis. Price remained above the 50-period line for much of the session, suggesting continued bullish momentum.

MACD & RSI

The MACD turned positive in the early hours, confirming the bullish breakout. The histogram showed increasing divergence as the session progressed, especially between 04:00 and 06:00 ET, indicating growing momentum. RSI moved into overbought territory after 06:00 ET, reaching as high as 72, signaling a possible pullback or consolidation. However, the price did not immediately correct, indicating strong buying pressure.

Bollinger Bands expanded significantly during the early hours, indicating increased volatility. Price touched the upper band multiple times, especially after the 03:00 ET breakout, suggesting heightened bullish activity. By the end of the session, price was near the middle band, showing some consolidation and potential for further upward movement.

Volume & Turnover

Volume spiked dramatically between 03:00 and 05:00 ET, with notional turnover reaching a peak of $1,244.07 during that period. This high volume confirmed the breakout from the key resistance level at $0.0383. However, volume declined sharply after 08:00 ET, and price failed to push beyond $0.04473, suggesting exhaustion. Price and volume moved in alignment during the early part of the session, but a divergence began to form in the late morning, with price rising but volume declining, indicating a potential slowdown.

Fibonacci Retracements

Using the recent swing high at $0.04473 and the swing low at $0.03614, key retracement levels were identified. Price found support at the 61.8% level around $0.0399 and bounced off it, continuing the upward trend. The 38.2% level at $0.0389 was tested during the morning session and held briefly, suggesting a possible consolidation zone.

Backtest Hypothesis

Given the strong bullish reversal pattern and confirmation by volume and moving averages, a backtest hypothesis could involve entering long near the 61.8% retracement level ($0.0399) with a stop-loss just below the immediate support at $0.0396 and a target at $0.0425 (the next Fibonacci level). A trailing stop could be used to lock in gains if the momentum continues. This hypothesis aligns with the observed price behavior and technical confirmation from the session.