FUN surged to $0.01 yesterday and then corrected to around $0.0072. Did the big players cash out and leave the retail investors to run?
NiuNiu News: FUN reached a high of $0.01 yesterday (April 5) before correcting, and is now priced around $0.0072, with a 24-hour decline exceeding 28%. Its market capitalization has shrunk to about $79 million, and the entire network is in despair! FUN has become a disaster zone for MEME coins, with the whole network roaring: Did the big players cash out and then slip away?
Why did it crash so badly?
Selling pressure exploded: After FUN's rise yesterday, retail investors followed suit and sold off. Network data shows that 24-hour sell orders exceeded $20 million, causing a sudden loss of over 1 billion in circulation.
Ecosystem collapse: The hype around iGaming concepts failed, with daily active users on on-chain DApps plummeting by 60% (over the past 7 days). Gas fees dropped to as low as 0.0001 ETH, yet no one is interested, turning the project into a shell.
Capital diversion: BTC ETF inflows are warming up (yesterday $150 million), with mainstream coins attracting funds, while small-cap coins like FUN have been abandoned and turned into cash cows!
How to read the K-line? What's the trend?
FUN four-hour chart: It quickly collapsed from a high of $0.01 to $0.0072, with the MACD death cross intensifying and an RSI of 23 indicating overselling. If it breaks $0.007, a drop to $0.006 is not far off!
Trend forecast: Bears are stepping on the gas, with resistance to a rebound at $0.008. Without significant funds coming in to save the day, it will continue to decline! Is it time to buy the dip?
FUN at $0.0072 is oversold to the extreme. If the big players pull back or good news explodes, it may briefly touch $0.0085. However, with the ecosystem half-dead and retail investors feeling cold, is buying the dip a chance to pick up gold or a risk of catching a falling knife? To eat meat, one must take a life-threatening gamble!
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