$MUBARAK has been in the spotlight recently. It was listed on Binance a few days ago, on March 27, 2025, as part of their "Vote to List" campaign. Initially, there was a lot of hype—partly fueled by rumors of Changpeng Zhao (CZ) being involved, though those remain unconfirmed. The coin saw a rally, peaking at $0.21 earlier this month, but it’s taken a hit since the listing. As of now, it’s trading around $0.0550 to $0.0650, down roughly 50-60% in the last few days, according to recent reports. This drop seems tied to whale sell-offs and a broader market cooling off after the Binance listing excitement faded.
On the flip side, some analysts point to technical indicators like RSI and MACD showing bearish momentum, with key support at $0.0550. If it holds there, it might bounce back; if it breaks below, it could dip to $0.0400 or lower. The market cap is hovering around $55-60 million, and trading volume is still decent at over $300 million daily, suggesting there’s still interest. Posts on X also show a mix of optimism from believers expecting a recovery and caution from others watching the downward trend.
It’s a volatile meme coin, so timing is tricky. Buying now means you’re catching it at a lower price than its peak, but the momentum isn’t clearly upward yet. Waiting might let you see if it stabilizes or drops further—though you’d risk missing a sudden spike if positive news (like more CZ involvement or Bitget hype) kicks in. Weigh your risk tolerance and keep an eye on those support levels and any fresh developments. What’s your gut telling you about it?