The price is around $0.03107, and it reached $0.03110$ as the daily peak in the image.
Moving averages are roughly aligned at about 9%.
Trading volume increased significantly during the uptrend, and this is important because it means the move wasnโt just a weak price rise.
Current market data shows that the circulating supply of MUBARAK is 1 billion tokens, with a market cap of about $30 million, and daily trading volume around $10 million. ๏ฟฝ
CoinMarketCap +1
Technically, Investing.com indicators as of September 17 provide strong buy signals across multiple timeframes, with the RSI(14) near 59. This indicates positive momentum, but itโs not yet in a heavily overbought zone. ๏ฟฝ
Investing.com
Where could the important test happen?
0.03110โ0.03125$ is the first area that should be watched. Breaking above it and holding there with strong volume could open the door to a new wave.
If the breakout fails, the areas Iโm monitoring are approximately:
0.0306$ is the nearby support.
0.0300$ is an important psychological and technical support.
0.0294โ0.0298$ is a deeper support zone related to the moving averages.
If momentum continues and the coin breaks through 0.0311โ0.03125$ with strong volume, the following calculated targets could be envisioned at:
0.032$ โ 0.035$ โ 0.040$ โ 0.050$
From the current price, reaching 0.05$ would mean about +61%, and itโs not impossible for a meme coin with a market cap of roughly $30 million.
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