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The Mubarak price surged 70% in the last 24 hours to trade at $0.2014 as of 11:15 p.m. EST on trading volume that skyrocketed 283% to $455 million.
Changpeng Zhao (CZ), the founder of Binance, has stirred discussion in the crypto community with his unexpected purchase of the Mubarak meme coin (MUBARAK).
Known for his past skepticism toward meme coins, CZ’s decision to invest in MUBARAK took many by surprise.
He bought approximately $600 worth (1 BNB) of the token on PancakeSwap, sparking a surge in its value and drawing widespread attention from traders and enthusiasts alike.
CZ(@cz_binance) spent 1 $BNB($600) to buy $mubarak and 1 $BNB ($600) to buy $TST 30 mins ago.https://t.co/0QdzQYfn7A pic.twitter.com/yv6YPuAnXY
— Lookonchain (@lookonchain) March 16, 2025
So, what’s in store for the Mubarak price?
Mubarak Price Poised For A Bullish Rally
The MUBARAK price has experienced a strong uptrend in the recent hours, breaking through key resistance levels and maintaining a bullish trajectory.
The Mubarak price has been moving within a well-defined ascending channel, supported by the 50 Simple Moving Average (SMA) on the hourly chart. Currently, the price of Mubarak is trading at approximately $0.2014, reaching a recent high of $0.2060, according to GeckoTerminal data.
The Fibonacci retracement levels show that the price has successfully breached the 0.236 Fibonacci level at $0.1724, signaling bullish momentum.
The next key resistance level is near $0.2259, corresponding to the 0 Fibonacci level. A break above this level could open the door for further gains, potentially pushing the price into new highs.
Additionally, the 50 SMA has been acting as a strong support level, currently positioned around $0.1069. This indicates that the uptrend remains intact as long as the price continues to stay above this level.
Meanwhile, the Relative Strength Index (RSI) is currently at 74.04 in the overbought territory. This suggests MUBARAK might be due for a short-term correction or consolidation before continuing its upward move.
The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, with the MACD line (blue) at 0.0260 above the signal line (orange) at 0.0228. The histogram also displays positive momentum, cementing the bullish trend.
MUBARAK Price Prediction
Given the current technical outlook, the Mubarak price is in a strong bullish trend with momentum favoring further upside.
If bullish momentum persists, the next target is $0.2259, and a break above that could propel the price of MUBARAK toward $0.25 or beyond.
However, with the RSI in overbought conditions, a short-term pullback to the $0.1724 (0.236 Fibonacci level) or even $0.1393 (0.382 Fibonacci level) is possible before another leg up.
On the downside, failure to hold above $0.1724 could result in a deeper correction towards the $0.1393 – $0.1126 support zone.
As the MUBARAK price surges, investors are shifting focus to a new meme coin called Meme Index (MEMEX). According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Presale Garners Over $4 Million – Last Chance To Buy
Time is running out for investors looking to secure their share of the Meme Index presale, which is now entering its final 13 days.
With $4.08 million already raised, anticipation continues to grow for what is shaping up to be one of the most talked-about launches in the meme coin space this year.
To become profitable while trading meme coins, investors spend hours finding the right one and money on transaction fees to buy all the coins they want.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
Meme Index introduces a novel way to invest in meme coins by creating structured baskets of assets. It offers four diversified investment baskets: Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking high returns while willing to accept high risk.
MEMEX holders can also participate in the project’s presale staking pool, which currently provides a stratospheric annual yield of 560%.
You can purchase MEMEX tokens on the official website for just $0.0166883.
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