Fun Token produced a very strong retrace between 15-July and 5-August. Support is found at the exact same range where FUNUSDT consolidated in late June before its final advance. The last rise has been corrected by more than 100%.
When 100% of an up-move is deleted, no more correction is needed. Going lower below 100% would signal the start of a bearish phase and FUNUSDT is clearly in a strong rising trend, a bull market.
After 100% of a rise is removed the market is back to baseline, and this opens the doors for a new wave of growth. Can be stronger than the first one because all the weak hands were removed during the correction (retrace).
Support found also matches the EMA144 price line. As soon as this level was confirmed as long-term support, FUNUSDT moved up with high volume, this is the start of the next high. Prepare for a major jump.
Namaste.
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