Mubarak is on the riskiest stage this is the stage where you have to decide to hold or to dump and a wrong decision will give you huge losses or the need to cut your losses, so if you're holding, be sure you already made profit so you can decide to take a risks on Mubarak you're holding; timing is important on meme coins you've got from hype.
I have not bought this meme coin because I have seen the volatility these memecoins have, especially the community-driven I prefer to invest in ai agents rather than these memecoins which have no bright future.
Speaking of mubarak, it already made its ATL yesterday and now it is retracing back but I doubt it will again make an ATL currently it is over-hyped and even the market cap is not that much. But if any good news came it can pump harder. Easy 2x from the current market cap of $40 million.
- In the 3 weeks that have passed since it was listed on the top exchanges, its price has come a long way from $0.22 to $0.03962. If my analysis is correct,
I think I can see a cup forming and if this is where it is headed, it could recover a bit.
Because its current support is at $0.03652 and its resistance is at $0.04375, so if it breaks this resistance, it is possible that it will continue to rise to $0.165 within 1 week or more. However, if it hits resistance, it can return to support. And if this support is broken, it is possible that it will continue to $0.00912.
This is my assessment of that.