MUBARAKUSDT Market Overview for 2025-09-22

• Mubarak/Tether (MUBARAKUSDT) declined 24 hours, closing at 0.03333 after hitting a high of 0.04143.
• A sharp downward trend emerged post-ET 16:00, with bearish momentum confirmed by RSI and MACD.
• Volatility expanded significantly, with large candles and high-volume breakdowns below key levels.
• Turnover surged late in the session, especially after price fell below 0.035, indicating increased selling.
• A bearish engulfing pattern formed near 0.03985, followed by a strong pullback below 0.03782.

Mubarak/Tether (MUBARAKUSDT) opened at 0.04132 on 2025-09-21 12:00 ET and closed at 0.03333 on 2025-09-22 12:00 ET, with a high of 0.04143 and a low of 0.0332. Total 24-hour volume reached 120.6 million, and notional turnover hit $4.1 million, reflecting intense selling pressure.

Structure & Formations

Price formed multiple bearish patterns, including a bearish engulfing candle at 0.03985 and a key breakdown candle below 0.03782. The asset appears to be consolidating within a descending channel, with critical support levels forming at 0.03374–0.03391. A strong bearish bias is evident, particularly after a breakdown of the 0.03872–0.03916 resistance cluster.

Moving Averages

On the 15-minute chart, price closed below both 20 and 50-period moving averages, with the 50-period line descending sharply. Daily averages (50, 100, 200) all point lower, reinforcing the bearish trend. The short-term momentum is increasingly aligned with the long-term trend, suggesting continuation is likely.

MACD & RSI

The RSI dropped into oversold territory by the final candle, reaching levels near 20, but this does not necessarily signal a rebound—rather, it may indicate a deepening bearish trend. The MACD line crossed below the signal line in the morning and remained negative, confirming ongoing bearish momentum.

Bollinger Bands

Price action moved well outside the upper Bollinger Band in the first half of the session, but then collapsed rapidly, falling below the lower band by the final hours. This widening followed by rapid contraction points to a sharp decline in volatility, likely due to strong selling pressure and capitulation from bullish positions.

Volume & Turnover

Volume spiked dramatically after 0.03782, with a single 15-minute candle on 06:15 ET printing 55.2 million volume and $1.9 million turnover. This coincided with the breakdown of key resistance and a strong bearish reversal. While volume remains high, it has not yet produced a clear pivot point, suggesting further downside remains possible.

Fibonacci Retracements

Applying Fibonacci levels to the key 0.04016–0.03916 swing, price found rejection at the 61.8% level (0.0395) and continued downward. On the daily swing, the 38.2% and 61.8% levels (0.0366–0.0349) appear to be critical near-term targets. A bounce at 0.03374–0.03391 could test the 50% level of the daily move.

Backtest Hypothesis

Given the bearish momentum confirmed by both volume and technical indicators, a potential backtesting strategy could involve entering short positions on a breakdown of the 0.03403 level (a recent 15-minute high) with a stop-loss placed just above the 0.035 level. A tight stop could help preserve capital while allowing for a proportional risk-reward setup. This aligns with the MACD and RSI divergence, as well as the volume-based breakdown signal.