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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.
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