Price: $0.41432 -3.5947%
Market Cap: 60.92B 1.7664%
Volume (24h): 0 0%
Dominance: 1.7664%
Price: $0.41432 -3.5947%
Market Cap: 60.92B 1.7664%
Volume (24h): 0 0%
Dominance: 1.7664% 1.7664%
  • Price: $0.41432 -3.5947%
  • Market Cap: 60.92B 1.7664%
  • Volume (24h): 0 0%
  • Dominance: 1.7664% 1.7664%
  • Price: $0.41432 -3.5947%
Home > Information news > Is It Too Late To Buy SUN? Sun Token Price Surges 43% And This Might Be The Next Crypto To Explode

Is It Too Late To Buy SUN? Sun Token Price Surges 43% And This Might Be The Next Crypto To Explode

Release: 2024/12/04 16:48 Reading: 592

Original author:Inside Bitcoins

Original source:https://coinmarketcap.com/community/articles/67500bf17fee59123dea2af0

Is It Too Late To Buy SUN? Sun Token Price Surges 43% And This Might Be The Next Crypto To Explode

Sun Token Rallies, Soaring 43%

The Sun Token (SUN) has experienced a significant surge in the past 24 hours, trading at $0.01766 at 11:18 p.m. EST. Trading volume has skyrocketed by 305% to an impressive $443 million.

Technical Analysis

SUN/USD's 4-hour timeframe reveals a strong bullish trend. A sharp upward movement with increasing volume has formed a parabolic curve, indicating a significant breakout.

The price has capitalized on support at $0.022, pushing it into a sustained uptrend. Momentum is strong, with the Sun Token price exceeding both the 50-day and 200-day Simple Moving Averages (SMAs).

The Relative Strength Index (RSI) is at 74.15, indicating overbought conditions. However, this is tempered by a slight downward trend, suggesting some selling pressure due to overextended buying.

The Moving Average Convergence Divergence (MACD) aligns with the bullish momentum. The blue MACD line crosses above the orange signal line, forming a bullish crossover. This is a clear indication of bullishness with no signs of reversal.

If momentum and volume remain high, the next major target for SUN could be $0.045. However, profit-taking could lead to pullback or consolidation around $0.033-$0.035 before further upward movement.

Disclaimer: This analysis contains references to third-party websites and promotional materials that may contain affiliate links. The inclusion of such information does not constitute an endorsement of their products or services. Please conduct your own thorough research before making any decisions.

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