#CryptoCPIWatch

FUN/USDT Analysis – May 13, 2025

Price Snapshot:

Current Price: $0.006677

24h Change: +24.99%

24h High/Low: $0.006865 / $0.005324

Volume: 2.74B FUN / $16.6M USDT

Technical Indicators:

EMA(9): $0.005664

EMA(20): $0.005292

RSI(6): 93.31 (Overbought territory)

Chart Analysis (8H Timeframe): The FUN token is experiencing a significant bullish breakout, with a sharp green candle pushing the price from around $0.0057 to a high of $0.006865, currently hovering near $0.006677. The volume spike confirms strong buying interest, and the price has broken above key resistance levels convincingly.

Key Observations:

1. Bullish Crossover: The 9-period EMA has crossed above the 20-period EMA, a classic bullish signal.

2. RSI Extremely Overbought: The RSI reading of 93.31 suggests the token is heavily overbought and could be due for a correction or consolidation soon.

3. Volume Surge: High volume aligns with the price spike, indicating strong market interest and potential continuation if momentum holds.

Support and Resistance:

Immediate Resistance: $0.006865 (24h high)

Support Levels: $0.005757, $0.005133