Technical analysis by vf_investment about Symbol FUN: Buy recommendation (7/29/2025)

hi Traders, We can see Bullish Signals Developing Bullish Divergence (RSI): A clear bullish divergence is visible between the RSI and price action. While the price made lower lows, the RSI formed higher lows (28.35 vs. previous 24 region), indicating a potential loss of bearish momentum and the emergence of buying pressure at lower levels. Oversold RSI: The RSI is recovering from oversold conditions and is currently around 34.68, showing that the asset may be primed for a short-term rebound. 🟡 Key Support Zone: Previous Resistance Flip The current price action is retesting a previous top (~0.01172 USDT) from mid-July, which now acts as support. This level previously acted as a breakout zone during the upward rally and is a logical area where buyers may step in again. If this support holds, it increases the probability of a reversal or consolidation phase. 📊 Potential Reversal Targets First Target: 0.01478 USDT (mid-range resistance) Second Target: 0.01600 USDT Third Target: 0.02016 USDT (strong resistance from recent top consolidation) 📉 Risk Management A daily close below 0.01170 would invalidate the bullish setup, indicating possible continuation of the downtrend. Volume remains moderate (13.43M), so confirmation via bullish candle and volume pickup is ideal. ✅ Conclusion: FUN/USDT is showing early signs of a potential bullish reversal, backed by RSI divergence and a retest of prior resistance now acting as support. Traders may consider this a watchlist candidate for a bounce setup, with well-defined invalidation and targets.