FUN and MLN Prices Spiked Following Binance Futures Listing Announcement
Binance Futures Launch: Binance has announced the launch of futures trading for FUNToken (FUN) and Enzyme (MLN), which resulted in significant price spikes for both digital assets following the announcement.
Price Movements: Following the announcement, FUN's market cap increased from $52 million to over $61 million, while MLN's market cap rose from $32.5 million to over $39 million, with respective price increases of over 1% and 17%.
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Technical Analysis for FUN
Technical Sentiment Analysis for FUNToken (FUN). As of , FUNToken (FUN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FUN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, FUN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
FUNToken (FUN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000614 | 0.000792 | 0.00103 | 0.00121 | 0.00145 | 0.00163 | 0.00187 |
| Fibonacci | 0.000792 | 0.000952 | 0.00105 | 0.00121 | 0.00137 | 0.00147 | 0.00163 |
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