FUN Up 4.28% as On-Chain Activity and Developer Updates Drive Short-Term Optimism

On SEP 8 2025, FUN rose by 4.28% within 24 hours to reach $0.009346, while facing a broader bearish trend with a 53.21% decline in the last seven days, a 110.05% drop over one month, and a 1,580.18% fall over one year.

The recent price rebound has been attributed to renewed on-chain activity and a series of updates from the core development team. According to data from on-chain analytics platforms, FUN has seen a 27% increase in daily active addresses over the past week. Developers have confirmed progress on version 2.4 of the platform’s smart contract framework, aimed at improving transaction finality and reducing gas fees. This update is expected to go live in the next three to four weeks, though no exact implementation date has been disclosed.

Technical indicators for FUN show a mixed outlook. The 50-day and 200-day moving averages have remained in a downward trend, with the 50-day line crossing below the 200-day line in early July. The Relative Strength Index (RSI) has shown signs of recovery, reaching 51.3 as of the close of Monday’s session, indicating the market is no longer oversold. However, the MACD (Moving Average Convergence Divergence) remains in negative territory, with a bearish crossover forming between the signal and the MACD line in late August.