Sun Token Price Aiming For A Bullish Trend Reversal

The Sun Token price has plummeted 16% in the last week and 2% in the last 24 hours to trade at $0.02589 as of 11:23 p.m. EST on trading volume that surged 28% to $101 million.

The price of Sun Token has dropped 16% over the last week, bringing its value down to $0.02589 as of 11:23 p.m. EST on trading volume that surged 28% to hit $101 million.

Over the last 24 hours, SUN has dropped 2% and now trades in the range of $0.024-$0.027.

After a substantial drop from September to November, the price of Sun Token entered a rally, which allowed the token to form a rounding bottom pattern.

According to data from GeckoTerminal, SUN soared from the $0.016 support to the $0.038 resistance. Following the breakout above the 50-day Simple Moving Average (SMA), the price peaked near $0.04 but experienced a sharp rejection, pulling back to its current level.

The rounding pattern suggests that buyers regained control, but the subsequent pullback indicates profit-taking or a pause in bullish momentum.

The relative strength index (RSI) is currently at 51.23, indicating neutral momentum. It is neither overbought nor oversold, which suggests the market is in a consolidation phase.

Previously, the RSI rose above 70 during the sharp rally, hinting at overbought conditions before the recent correction.

The Sun Token price seems to be rebounding from $0.02215, which could complete a cup and handle pattern in the short term.

In this way, the bulls could push the price of Sun Token up towards the $0.040 resistance.

Conversely, a breach below $0.022 would invalidate the bullish setup, potentially revisiting lower levels around $0.02.

As the SUN price aims for a sustained rally, investors looking for alternatives may want to consider Crypto All-Stars (STARS), which, according to ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, has the potential to soar 10X after its launch.

Crypto All-Stars Raises Over $14.8 Million In Blockbuster Presale

The Crypto All-Stars ($STARS) presale has raised more than $14.8 million, making the new multi-chain meme coin staking protocol one of the biggest ICOs of the year.

The project brings the MemeVault ecosystem into the crypto world, allowing investors to stake multiple meme coins in one place for the first time, earning rewards in $STARS tokens.

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Traders can also stake STARS tokens for a huge 179% annual percentage yield (APY).

Currently, $STARS is available for just $0.0016782. Buy before the presale ends in just 7 days.

Purchase $STARS from its official website here using BNB, USDT, or a bank card.