Tag: extreme

The post FUNToken Price Shows Bullish Accumulation in a Weak Market : Time to Invest? appeared com. The cryptocurrency market is very weak right now and the Fear and Greed Index is currently pointing to “Extreme fear.” It is moments like these that make high-caps quite unlikeable, pivoting capital to low to mid-cap assets that continue to show promise. Such is the tale of FUNToken. A crypto whose narrative is essentially a concoction of utility and memes has continued to topple market expectations and show growth on the intraday charts that no one expects. Granted that much of the growth has been the result of clever tokenomics, but that still unveils the strength that this project possesses. The current price action looks more like an accumulation phase, which has made investors wonder whether it is time to invest. FUNToken Price Action: Intraday Price Chart Is Generating Optimism The FUNToken price action is not so different from an asset that has not gone vogue to a high degree. Staying under the radar reduces the impact of the market’s volatility, and if the project has a robust and insular community around it, it can grow. Currently trading at $0. 002 and having a market capitalization of over $22 million, FUNToken is a low-cap asset whose low price and strong community factor have helped it stay strong against the winter blows of the market. The intraday chart of this utility asset shows that the price action followed a rising channel first, but then a sideways trend emerged. This choppy array of candles shows bulls and bears in near-equal force, which could be a sign of good things to come. Is Accumulation or False Hope? The aforementioned price action has made people bullish. However, similar patterns have emerged in the past for other assets that, more often than not, turn out to be fakeouts. Exposure to volatile market conditions has led many.