MUBARAK has been gaining quite rapidly recently. The price is surging upward, looking like it's about to break through, and market sentiment is also getting high. But the question is—can it really continue to rise?
Let's start with the positive side. The 7-period EMA is firmly above the 25-period and 99-period EMAs, indicating that the short-term trend is still upward. The MACD is even more straightforward: the line, signal line, and histogram are all positive, showing strong momentum. From a technical perspective, buying interest still seems quite robust.
However, there's a question mark here. The 6-period RSI has already climbed to 73.34, and the 12-period is at 69.37, both entering overbought territory. The upper band of the Bollinger Bands is also approaching. In such situations, prices tend to correct. The key point is capital flow—recently, there has been a net outflow of $11,725.65, indicating large funds are fleeing, which suggests that buying momentum might not be as strong as it appears.
In summary: the trend is still there, but risks are emerging. A short-term price correction is possible. At this point, it all depends on how subsequent capital flow and market sentiment develop.
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.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
blocksnark
· 01-11 04:51
Funds are running, RSI is overbought, this rally is probably going to pause
---
Another overbought signal, the big players have already secretly run away
---
Net outflow of over ten thousand USD, what does it mean... smart money is already exiting
---
The trend looks good, but I’m afraid it’s just a fleeting glow
---
No matter how beautiful the EMA looks, it can’t withstand a fund cutoff, this is an old trick
---
After all this hype, I’m starting to wonder if it’s time to be the bag holder
---
Overbought combined with outflow, I’ve seen this combination too many times, not a good sign
---
Short-term adjustment is needed, let’s wait and see, this level is too dangerous
View OriginalReply0
AlwaysQuestioning
· 01-11 04:50
RSI is already overbought and you're still hyping the rally? The big players have already exited, brother.
View OriginalReply0
CryptoTarotReader
· 01-11 04:48
Hmm... RSI is already at 73, and you're still chasing? Are you expecting a drop?
Funds are fleeing, everyone. Don't just look at the lines; money talks.
MUBARAK is a bit risky this time. It feels like just one needle drop away.
It's another overbought situation. It's better to run first, brothers.
Prices rise quickly and fall just as fast. A correction is imminent.
View OriginalReply0
OnChainSleuth
· 01-11 04:44
A net outflow of 11,725 is a bit heartbreaking; big investors are fleeing.
View OriginalReply0
AirdropHermit
· 01-11 04:43
I'm a bit panicked about the capital outflow 🤔 RSI has already soared to 73, can it still push higher?
View OriginalReply0
ShitcoinConnoisseur
· 01-11 04:25
Hmm... RSI is already overbought and they're still hyping the rally, but big funds are secretly pulling out. I've seen this trick too many times.
View OriginalReply0
GrayscaleArbitrageur
· 01-11 04:22
Is the capital running? Then this wave of gains is basically just hype; don't be too optimistic.
---
It's both overbought and experiencing net outflows. Looks like the next wave will need a pullback.
---
MACD is turning positive, RSI has reached 73, this market is bound to crash sooner or later.
---
Damn, it's always like this. When prices rise, the technicals are perfect; when they adjust, it's blamed on funds. Can MUBARAK hold up this time?
---
Net outflows of over ten thousand and still talking about trends, I really didn't expect that.
---
A short-term correction is inevitable; just see where the support levels are.
---
Let's wait and see. A rally without support from funds is just a paper tiger.
---
The Bollinger Bands are nearing the top, RSI is going crazy, this situation is indeed dangerous.
MUBARAK has been gaining quite rapidly recently. The price is surging upward, looking like it's about to break through, and market sentiment is also getting high. But the question is—can it really continue to rise?
Let's start with the positive side. The 7-period EMA is firmly above the 25-period and 99-period EMAs, indicating that the short-term trend is still upward. The MACD is even more straightforward: the line, signal line, and histogram are all positive, showing strong momentum. From a technical perspective, buying interest still seems quite robust.
However, there's a question mark here. The 6-period RSI has already climbed to 73.34, and the 12-period is at 69.37, both entering overbought territory. The upper band of the Bollinger Bands is also approaching. In such situations, prices tend to correct. The key point is capital flow—recently, there has been a net outflow of $11,725.65, indicating large funds are fleeing, which suggests that buying momentum might not be as strong as it appears.
In summary: the trend is still there, but risks are emerging. A short-term price correction is possible. At this point, it all depends on how subsequent capital flow and market sentiment develop.