Predictions for Murabak
The overall macro momentum of $MUBARAK seems to be leaning towards a recovery, as reflected in the positive funding rate. Traders are currently placing long contracts on the asset, which has resulted in a favorable funding rate. This indicates that there is a belief among traders that the memecoin will continue to rise, reflecting a shift towards optimism.
This bullish sentiment from traders is essential to sustain a recovery. As long as the funding rate remains positive and long positions continue to dominate, $MUBARAK may receive additional support for upward movements.
