MUBARAK is building momentum on the daily timeframe, with price action converging around a critical trendline. A clean daily close and sustained hold above this level would validate the breakout setup and potentially unlock significant upside in higher timeframes.
Key resistance targets to monitor: - Monthly resistance at $0.02720 represents +22% from current consolidation - Quarterly peak sits at $0.04470, offering +99% upside if momentum carries through
The setup looks constructive for bulls, assuming the breakout gets confirmed at the daily close. Position traders should watch for volume confirmation to ensure the move has real conviction behind it.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
5
Repost
Share
Comment
0/400
AirdropHunterXM
· 12h ago
ngl, this trend line is really a bit sketchy. A 99% increase sounds great, but reality often hits hard.
View OriginalReply0
SmartContractPhobia
· 12h ago
Wow, another 99% increase. I have to say something about this...
View OriginalReply0
SchroedingersFrontrun
· 12h ago
Wait, can this trend line really be broken? I feel like I'm about to get cut again...
View OriginalReply0
ForumMiningMaster
· 12h ago
The key to the breakdown is today's close. If it weren't for a false breakout, I would have gone all in.
View OriginalReply0
rekt_but_resilient
· 12h ago
Damn, if this trend line breaks, it could really take off... But I still need to see the trading volume to confirm, otherwise it's just another false breakout.
MUBARAK is building momentum on the daily timeframe, with price action converging around a critical trendline. A clean daily close and sustained hold above this level would validate the breakout setup and potentially unlock significant upside in higher timeframes.
Key resistance targets to monitor:
- Monthly resistance at $0.02720 represents +22% from current consolidation
- Quarterly peak sits at $0.04470, offering +99% upside if momentum carries through
The setup looks constructive for bulls, assuming the breakout gets confirmed at the daily close. Position traders should watch for volume confirmation to ensure the move has real conviction behind it.