Analysis of the current market situation for FUN/USDT shows consolidation around the $0.00845 level, indicating potential liquidity accumulation and upward movement.
Consolidation Around Monthly Low
FUN/USDT is trading close to the $0.00845 mark, the previous month's low. This movement indicates liquidity accumulation. This zone has attracted both weak longs and late sellers, leaving the market ready for a potential liquidity-driven move.
Bullish Fair Value Gap as Demand Zone
Beneath the monthly low lies a bullish Fair Value Gap identified as a hidden demand zone. If the price dips into this area, conditions for a strong reversal may be established. This technical feature represents inefficiency in prior price movement, and traders often view such areas as demand pools.
Defining Upside Liquidity Targets
Clear liquidity targets have also been identified on the upside. The first target stands at the previous month's high of $0.01257. Beyond this, the bearish order block between $0.018 and $0.020 could extend the move if buying momentum continues.
The current situation for FUN/USDT demonstrates interesting opportunities for traders, considering the consolidation and liquidity levels that may lead to a potential buying impulse.
