Warning! FUN bears are looming, if it can't hold 0.0094, it's dangerous, and if it can't break 0.0100, there's no hope!

Currently, FUN is under significant pressure. The sellers are in the majority, with 0.0094 being an important psychological support point. If it breaks, more people might follow suit and panic selling could ensue; if it holds, there might be a rebound. Want to rise? 0.0100 is a major hurdle, and if it can't break through, it can only continue to oscillate.

The trading volume has been shrinking recently, and the enthusiasm has clearly decreased. Both buyers and sellers have become very cautious. This kind of shrinking volume at the end of a downturn often means a direction must be chosen, but whether it's up or down is uncertain. The MACD indicator is also weak, indicating that even if there is a rebound, it may not be strong. I'm concerned it may test the bottom once more.

In terms of technical patterns, the short-term moving averages have formed a death cross pointing downwards, which is a textbook bearish signal. The price has been walking along the lower edge of the downtrend channel, and the channel opening is getting wider, indicating that the downward space has not been sealed off.

The support level at 0.0094 is very important because previous lows have been around this area. 0.0100 is both a round number and the rebound peak from a few days ago, posing significant pressure. The trading volume has shrunk by nearly 30% compared to the recent peak, indicating a sharp decline in volume.

What's the future outlook? I see several possibilities:

Worst case: If 0.0094 breaks, it may head straight for 0.0088, and if the MACD crosses below the zero line again, the mid-term weakness will be confirmed.

Neutral case: It could hover between 0.0094 and 0.0100, repairing some technical indicators. If it really wants to break through 0.0100, the trading volume must increase significantly compared to the recent average level.

Best case: A massive volume surge breaking past 0.0100, in which case the target could be 0.0105, but this requires favorable project news.

Risk first: If you buy, set your stop loss at 0.0092, don't hesitate. Don't take on too much position; I think if it exceeds 30%, the risk is too high, to prevent being buried if the entire market collapses.

Watch key points: See if it can close above the 5-day moving average tomorrow. Check whether funds in FUN/USDT on major exchanges are flowing in or out.

Be cautious of events: June 30th is the quarterly contract delivery, which may cause some turbulence. Additionally, observe how those Meme coins on the SOL chain are performing overall, as FUN has some correlation with their trends.

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