11:00 UTC — 18:00 Hanoi

TLDR

1. The FUN ecosystem shows significant growth with a new game on the Base Network achieving multiple key milestones and ongoing development in the GameFi sector.

2. Community sentiment is very positive, predicting a price breakout driven by strong fundamentals and ongoing vigorous accumulation.

3. Recent technical indicators show bearish momentum in the short term, while the high token concentration point indicates an increased potential for price volatility.

Opportunities

1. Ecosystem growth: The Football $Fun game on the Base Network has achieved multiple key milestones, including TVL exceeding $10 million and over 10,000 wallet addresses, with trading volume reaching $14.85 million on August 24. This shows increasing interest in GameFi and the adoption of FUN on the Base network.

2. Strong development & Key milestones: FUNToken continues to build with over 40 games, a $10 million development fund, AI bots, upcoming listings on major exchanges, and an audit from CertiK. Community data shows that over 160 million FUN have been sent in and over 36 million games have been played, indicating high engagement in the ecosystem.

3. Breakout potential & Price targets: Posts indicate strong accumulation and breakout potential, with price targets ranging from $0.015 to $0.05. Recent chart movements show an upward trend, with the price rising from $0.0094 to $0.0098 before stabilizing, suggesting the beginning of an expansion phase.

Risks

1. Bearish technical indicators: The short-term EMA7 for FUN is currently below EMA25 and EMA99, indicating a bearish trend. Additionally, the MACD line is below the signal line with a negative histogram, indicating bearish momentum in the last 24 hours.

2. Short-term price weakness: The 6-period RSI is at 32.45, near the oversold zone, indicating increased selling pressure in the short term. The price also closed near the lower Bollinger Band, reflecting the recent bearish trend.

3. High token concentration: Cash flow data shows a high concentration point of 0.44. This indicates that a large amount of FUN tokens is being held by a few addresses, which could increase price volatility if large holders execute significant transactions.

Crowd sentiment

1. Positive outlook: The community shows overwhelming optimism towards FUN, citing the continuous development of the ecosystem, key gaming milestones, and strong accumulation signals, indicating significant price increase potential.

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