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Earlier today, the Fun Coupons token experienced a massive rally of over 500%, reaching a high of $0.000000006. However, as of 5:15am EST, FUNC shows signs of bearish momentum despite the significant spike.
The rapid price drop has sparked doubts about its authenticity as a legitimate crypto gainer or a potential pump-and-dump scheme.
Fun Coupons $FUNC Price Changes
Since its launch on May 27, 2023, the Fun Coupons token has experienced a consistent bearish trend, resulting in a 2.65% price decline over the last 30 days, indicating prevailing bearish sentiment.
Today’s bullish price surge was short-lived, failing to sustain momentum.
Technical Analysis Using Indicators
FUNC/USD is currently trading below the Moving Average (MA) indicator, signaling a bearish market trend.
The Moving Average Convergence Divergence (MACD) is currently below the signal, and the Relative Strength Index is at 100, indicating a potential overextension of the recent uptrend.
This is a clear SELL signal for traders.
Factors That Could Affect Fun Coupons
- No Anti-Whale Features
The lack of an anti-whale feature in FUNC tokens allows large holders (whales) to influence the market by buying or selling significant amounts, leading to potential price drops.
Etherscan data reveals the top 10 FUNC holders control a significant portion of the total circulating supply, raising concerns about the potential impact on the token’s value.
DEXtools flags this absence of an anti-whale mechanism as a red flag for investors and traders to be cautious when considering investments in FUNC.
- No Blacklisting Function
The absence of blacklisting functions in FUNC’s ecosystem poses risks of exploitation and scams, potentially impacting the token’s price growth and investor trust.
In contrast, Chimpzee’s positive performance attracts more investors despite the bearish sentiment surrounding Fun Coupons ($FUNC).
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Chimpzee Feature
Chimpzee sustains its project with Play-to-Earn, Shop-to-Earn, and Trade-to-Earn functionalities, along with a Chimpzee store, NFT market, and Zero Tolerance Game.
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However, those who miss out on the initial round may have to pay higher prices later, as the supply of these special passports is limited.
Chimpzee Presale Performance Today
The Chimpzee project offers a total of 40 billion CHMPZ tokens in four presale rounds.
Already raising over $900,000, the token price has increased from $0.0005 to $0.000775 per token.
The next stage will see the price rise to $0.000085, representing a 70% increase from the first stage price.
How To Buy?
- Download a MetaMask or Trust Wallet.
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The tokens will be claimable after the presale, ensuring a smooth and secure purchasing process.
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