🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

FUN Price Analysis

Published 23/02/2021, 20:45
BTC/USD
-
FUN/BTC
-

The FunFair (FUN) token surged over 1600% in a little less than two months, since it formed a temporary low at the 50-week-ema on December 22 2021. That being said, there might be still tremendous room for growth. Let’s look at the FUN token from a technical standpoint.

When looking at the daily chart of FUN, it becomes apparent that it’s currently in an upward channel and is currently at the 0.382 fib support, after reaching the yearly high at roughly $0.06. The MACD hints towards a continuation of the correction move. Fun finds its next significant support at the golden ratio, slightly below the 50-day-ema at $0.026.

However, the mid-term trend remains bullish. A golden crossover happened in late 2020, which acts as a confirmation of the bull trend.


The weekly chart of FUN looks extremely bullish, as extremely bullish volume has entered the FUN chart. Nevertheless, the golden ratio support at $0.0225 could be the perfect entry point for those who are looking to join the price hike.


FUN/BTC Weekly Chart on Binance

When looking at the FUN/BTC chart, one should notice that FUN’s recent price hike is still nowhere close to its high in 2018. In fact, FUN just surged between the 2017 low and the 0.382 fib resistance at 0.00000189 BTC. Once FUN/BTC is bullishly bouncing off the 50-week-ema at 0.00000044 BTC, it could be set for another surge towards the golden ratio resistance at 0.000003 BTC.

FUN is an ERC20 token that is utilized by FreeBitco.in through a Premium Membership Program. FreeBitco.in is incentivizing its 41 million registered users to acquire FUN Tokens by offering premium benefits like cashback rewards, free spins, interest payments on Bitcoin savings etc.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.