FunToken (FUN) Price Soars Higher After Broke Out From a Downtrend

Why is the FunToken (FUN) coin surging today?

FunToken (FUN), the digital asset tailored for the online gambling and gaming sector, has experienced a substantial surge in the cryptocurrency market. Over the past 24 hours, the FUN token price has soared by an impressive +95.12%, currently trading at $0.009617, accompanied by a noteworthy market cap of $103 million.

FunToken-Fun-Price
Source: Coinmarketcap

The surge in FunToken (FUN) has captured the attention of market participants, and the buzz around it is centered on a significant breakout in its price chart. Today marks the breakout from a prolonged downtrend that has been eagerly anticipated by investors. The resistance line finally broke out at the $0.005124 price level.

FunToken Cryptocurrency Price Chart
Source: TradingView

This breakout has unleashed a bullish momentum in the FUN token, causing its price to climb to $0.012. The newfound strength in the market has brought about renewed optimism among FUN token holders and has sparked interest among cryptocurrency investors.

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