Technical Analysis: FUN Tokens - Up over 25% since yesterday!

This is a follow-up analysis on the current FUN token pump. My previous posts can be found here:

https://steemit.com/cryptocurrency/@cryptotanalysis/what-is-funfair-should-you-invest-in-fun-tokens
https://steemit.com/cryptocurrency/@cryptotanalysis/opportunity-to-profit-from-usdfun-tokens

As expected, the FUN token price has gone up dramatically since yesterday. This is due to Binance listing FUN tokens on its exchange and is currently holding a contest. The top 206 FUN token holders on Binance by October 1, 4AM UTC will receive 10,000 - 300,000 FUN tokens depending on their spot on the token holder leaderboard. More info here: https://steemit.com/cryptocurrency/@cryptotanalysis/opportunity-to-profit-from-usdfun-tokens

The price went as high as 822 satoshi a few hours ago. How high the price will be pumped is anyone's guess. However, as stated in my previous article, I expect the price to fall drastically once the Binance contest concludes as demand will drop. The price should drop to at least the 680 level which was the previous resistance level. A further drop to the whole number 600 satoshi is a strong possibility.

Sort:  

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 58241.28
ETH 2648.33
USDT 1.00
SBD 2.45