FUN Drops 6.69% in 24 Hours Amid Extended Downtrend

On SEP 11 2025, FUN dropped by 6.69% within 24 hours to reach $0.008961, with further declines of 528.49% over 7 days, 517.46% over 1 month, and a staggering 1927.03% over the past year. The prolonged bearish trend has sparked renewed scrutiny of the project’s fundamentals and market sentiment.

The decline in FUN’s price has coincided with a broader loss of confidence among investors. Recent data shows that the token’s liquidity and trading activity have not rebounded following earlier attempts at stabilization. Analysts have highlighted the absence of significant on-chain events or upgrades that could justify a reversal in the downward trend. Instead, continued selling pressure has reinforced a bearish sentiment, with market participants opting for risk-off positions.

FUN’s price performance has been notably weaker compared to other tokens in its category. The lack of a defined roadmap or recent product launches has contributed to the erosion of investor enthusiasm. Despite the absence of external macroeconomic factors, the token has failed to attract renewed buying interest, raising concerns about its long-term viability.

Technical indicators suggest that FUN remains in a deep bearish phase. The 50-day and 200-day moving averages have continued to diverge, with the shorter-term average well below the longer-term line. The Relative Strength Index (RSI) has lingered in oversold territory, but without signs of a rebound. This pattern points to sustained selling pressure and limited near-term upside potential.

Backtest Hypothesis

A hypothetical backtesting strategy for FUN could involve identifying oversold conditions through RSI levels and attempting to capture potential rebounds. The strategy would trigger a long position when the RSI falls below 30, with an exit condition set at a 15% gain or a 10% stop loss. This approach aims to capitalize on short-term volatility rather than long-term fundamental shifts. However, given FUN’s extended bearish trend and lack of clear catalysts, the success of such a strategy would depend heavily on volatility rather than directional momentum.