Will Downfall in Fame MMA Halt Soon?

FAME price prediction is bearish till it trades below the $0.001200 level. The short-term pullbacks are getting sold off indicating the strong presence of sellers on the higher levels.

In 2023, FAME price fell miserably from its YTD high and formed lower low swings. It erodes a big portion of its market capitalization and prices hit the multi-year low.

At present, FAME crypto is stuck in the narrow range of consolidation buyers are trying to halt the downfall. Meanwhile, in between the consolidation, frequent spikes in the trading volume are visible which indicates that speculators are active.

FAME crypto price tried multiple times to climb above the 50-day EMA. But sellers were active and kept on rejecting the price. The price pattern of the Fame MMA crypto is highly bearish. So, the reliability of the short-term pullback remains doubtful.

The price behavior of this cryptocurrency is volatile and frequent spikes are quite normal. So, investors should avoid building long positions until the clarity of direction is visible.

At the time of writing, FAME price is trading at $0.0000704 with an intraday decline of -0.42%.

Will FAME Price Show Recovery by 2023 End?

FAME price prediction is bearish for the long term until buyers can break out of the $0.001200 level.

The price action says that the downfall in FAME crypto price might take a halt near $0.000500. However. the probability of the upside trend reversal is substantially low.

The crypto is in a correction phase before reversing upward. The prices need to consolidate for a few months in a narrow range for base creation. The technical analysis suggests that FAME crypto is in bear grip and reliable signs of recovery or reversal are visible.

Fame MMA Price is Bearish on a Multiple Time Frame Chart

Fame MMA price is bearish on a multiple-time frame chart. The short sellers are taking the frequent up moves as an opportunity to build fresh shorts. So, investors must avoid buying at current levels.

The MACD curve reverses upward and displays a positive crossover. It indicates that for the short term, prices might trade with a bullish bias. The RSI at 51 denotes neutral territory and an equal level of tug-of-war between buyers and sellers.

Conclusion

FAME price prediction is bearish till it trades below the $0.001200 level. The price pattern is bearish and bears look more aggressive as compared to bulls. The analysis suggests Fame MMA crypto is inside the sellers’ radar and no signs of recovery are visible.

Technical levels

Resistance levels: $0.001135 and $0.001137
Support levels: $0.000613 and $0.000500

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.