AIFUN price trend analysis

Judging from the price trend in the picture, the AIFUN/USDT trading pair has shown significant fluctuations in the recent past. The current price is 0.006 USDT, the highest price reached 0.016906 USDT within 24 hours, the lowest price was 0.0024 USDT, and the price increased by 150%. This indicates that the cryptocurrency has experienced relatively large fluctuations in the short term.

1. Short-term fluctuation analysis

On the 1-hour timescale, the price increased sharply from 0.0024 USDT to 0.006 USDT. This short-term surge could be caused by the following factors:

- Impact of market sentiment: There may be good news related to AIFUN in the market, which triggers investors' buying enthusiasm and drives up the price.

- Driven by transaction volume: AIFUN’s 24-hour trading volume reached 290.311M, and a large influx of buy orders prompted the price to rise. Judging from the candle chart pattern, multiple candle lines have long upper shadows and long lower shadows, showing that buyers and sellers are at that price.

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