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$FUN (FUNToken) records an exponential 62.4% rise in 24 hours amid new releases scheduled for later this year.
Highlights
- FUNToken records a 62.4% price rise in 24 hours
- $0.02 resistance is imminent
- Cryptic X post and a major update underway
Over the last seven days, the crypto market has been quite slow as most of the prominent coins didn’t show palpable signs of volatility. Bitcoin, for example, traded between the $104k and $106k marks before peaking at $110k and subsequently cooling off amid geopolitical tensions. Ethereum mirrored the pattern, hovering around $2.5k to $2.6k. While the others were experiencing price reversals, $FUN recorded an unprecedented price surge, rising by 62.4% in 24 hours.
With experts and analysts alike predicting a breakout point of $0.02, it is paramount that we take a deeper look at FUNToken
FUNToken’s Price Surge
Currently trading at $0.012 and with a market capitalization above $127 million, $FUN has captured investors’ attention, with its price close to breaking the $0.02 resistance. The constant price rises were bound to do that.
While FUNToken’s price has surged, the conversations surrounding the decentralized gaming and finance platform have become more positive than ever, vividly implying that bullish sentiment around the token is rising.
Additionally, FUNToken’s social dominance and its role as an ecosystem empowering users to be masters of their gaming destiny remained pretty stable, reflecting consistent social engagement.
What the Chart Suggests
With $FUN breaking the $0.01 resistance, analysts are eyeing $0.02 and expect this mark to be breached in a short time, as technical indicators suggest. MACD showed a bullish upper hand in the market and the Chaikin Money Flow (CMF) revealed that buyers are not only active but dominant.
A CMF reading of 2.7 is notable, evidence of strong buying pressure and fresh capital entering the market. As $FUN has successfully breached the $0.01 mark, the next realistic target is $0.02—a price last seen during the stronger altcoin season. Adding to this growing excitement is the team’s major update teaser posted on X. While the message is cryptic, it is bound to help increase the narrative around $FUN and, in turn, propel the price upward.
Should You Be Watching $FUN?
Absolutely. With positive market sentiments, strong buying signals, and a major update underway, FUNToken is entering a critical phase.
As the token has breached the present resistance, hitting the $0.02 milestone becomes significantly more likely. As expected, $FUN is still one of the biggest gainers on the Binance exchange, again reaffirming its position as one of the coins to watch.
Frequently Asked Questions
1 What is FUNToken’s price after the price surge?
FUNToken’s price surged over 62.4% in the last 24 hours and it is currently trading at $0.012 (at the time of writing).
2 What indicators suggest a bullish cycle for $FUN?
Technical indicators like MACD and CMF strongly suggest palpable buying pressure, capital inflow, and the existence of a real potential for future price increases.
3 Is there any upcoming news that might affect FUNToken’s price?
Yes. The team’s cryptic post on X more than 24 hours ago and subsequent posts of hitting new user milestones will definitely affect the price of $FUN positively.
4 Is FUNToken CertiK audited?
Yes. According to a new post on X, FUNToken has been CertiK audited and permanently finalized, meaning that the smart contracts are immutable and verified.
5 How many users does FUNToken currently have?
100k users and counting
Image by JetalProduções from Pixabay
