$FUN /USDT Showing Downward Pressure After Recent High
Hey everyone,
Let's take a look at the $FUN /USDT chart. The current price of FunFair is at $0.005288, showing a decrease of -7.60% today.
Looking at the last 24 hours, FUN ranged from a Low of $0.005214 to a High of $0.005828. The 24h Volume is significant at 503.88M FUN, which is equivalent to 2.80M in USDT.
The chart shows a clear rejection at the recent high, followed by a downward trend. We can see a series of red candles indicating selling pressure. The price is currently near the 24-hour low, suggesting potential for further bearish movement if this level is broken.
Traders will likely be watching the $0.005214 level closely as a key support. If the price breaks below this, we might see a further decline. On the upside, a significant move above the recent high would be needed to signal a potential trend reversal.
Key points to observe:
Resistance: The recent high of $0.005828 is acting as a significant resistance level.
Support: The 24-hour low of $0.005214 is a crucial support level to monitor.
Trend: The short-term trend appears to be bearish after the rejection at the high.
What are your thoughts on FUN's current price action? Do you anticipate a break below the support, or do you see a potential for a bounce back up? Share your analysis!
