In the last 48 hours, Mubarak Coin experienced a tremendous rise of 200 %. Token, which made a quick entry into the market, attracted great attention thanks to the direct interest of Binance Alpha and the direct interest of Binance’s former CEO Changpeng Zhao (CZ). These developments have led investors to flock and to carry the price of Mubarak to new peaks.
CZ’s Mubarak Coin move shook the market
One of the biggest reasons for the sudden rise of Mubarak Coin was CZ’s process. According to the data of the On-Chain Analysis Platform Lookonchain, CZ took 20,150 mubarak for only 1 BNB. This process aroused great repercussions in the market and mobilized investors.
Binance Alpha’s listing Mubarak is another important factor that supports this rise. Tokenlar, which is usually listed in Binance Alpha, also has the chance to be listed on Binance’s main platform. This expectation increased the interest in Mubarak, causing the price to rise rapidly.
RSI data indicates the extreme purchase zone
Mubarak’s price movement also draws attention in technical indicators. According to RSI (Relative Power Index) data, Token is currently in the oversight area. Generally, this situation raises the possibility of a correction in the short term, but the ongoing interest of investors can increase the price further.
This strong rise momentum is critical for new tokens. In order to sustain the movement that starts with HYPE, investor interest needs to be preserved. If the market enthusiasm continues, Mubarak may see new summits in a short time.
Can the Mubarak Coin price rise to $ 0.50?
Mubarak reached $ 0.206 with an increase of 200 %in the last 48 hours and tested $ 0.221, the highest level of all time. However, analysts think that if the enthusiastic atmosphere of the market continues, this level can be moved further.
Some investors predict that Mubarak can reach $ 0.500 in the coming days. However, in order to realize this goal, market interest should continue and large investors should continue the support. Otherwise, it is stated that the price may fall to $ 0.149 and even to 0.108 dollars with the loss of speed.
Will Mubarak’s rise continue, or will Hype end? Investors will closely monitor the movements of the market in the coming days.
