After a significant price surge, Fun is currently extremely bullish on the daily chart but faced rejection after a 50% daily increase.
The market structure has shifted slightly due to increasing demand, with bulls aiming to reclaim the lost $0.01 level.
Key resistance levels for Fun are at $0.0084, $0.01, and $0.015, while key support levels are at $0.004, $0.0031, and $0.0026.
The spot price for Fun is $0.0064 with a bullish trend and high volatility.
A recovery above the daily rejected high of $0.0084 could lead to a potential surge to a new yearly high of $0.015.
However, a breakdown below the $0.0031 support level could result in a quick plunge to $0.0026.
Cryptocurrency sentiment has turned negative recently, posing a risk if the bulls lose control of the market.
The article concludes with a disclaimer that the content is not trading or investment advice and recommends conducting research before investing in cryptocurrencies.