Sun Token ($SUN): Strategic Entry into DeFi Ecosystem TokenI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Sun Token ( NYSE:SUN ): Strategic Entry into DeFi Ecosystem Token
Sun Token (SUN) is a crypto in the CRYPTO market. The price is 0.02420828 USD currently with a change of -0.00058 (-0.02359%) from the previous close. The intraday high is 0.02517523 USD and the intraday low is 0.02232376 USD.
Trade Setup:
- Entry Price: $0.02197
- Stop-Loss: $0.00692
- Take-Profit Targets:
- TP1: $0.05232
- TP2: $0.08906
Fundamental Analysis:
Sun Token ( NYSE:SUN ) is integral to the TRON blockchain's decentralized finance (DeFi) ecosystem, facilitating governance and incentivization within the platform. Its role in promoting DeFi activities on TRON has garnered attention from investors seeking exposure to this growing sector.
Technical Analysis:
- Current Price: $0.02420828
- Moving Averages:
- 50-Day SMA: $0.02350000
- 200-Day SMA: $0.02200000
- Relative Strength Index (RSI): Currently at 55, indicating neutral momentum.
- Support and Resistance Levels:
- Support: $0.02250000
- Resistance: $0.02550000
Market Sentiment:
The DeFi sector continues to expand, with NYSE:SUN playing a pivotal role in TRON's ecosystem. Its integration into various DeFi protocols enhances its utility and appeal among investors.
Risk Management:
Implementing a stop-loss at $0.00692 helps mitigate potential losses, while the take-profit targets at $0.05232 and $0.08906 offer favorable risk-reward ratios. Given the token's volatility, strict adherence to these levels is crucial.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.
SUNUSDT
SUN/USDT Breakout Alert: Ready for 200-300% Gain!!Hey everyone!
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SUN is showing strong potential! It has broken out of a bull flag structure on the daily time frame and is holding above the flag, signaling a bullish move. Buy now and accumulate more on dips for maximum gains!
Entry range: CMP and accumulate up to $0.0185
Target: 200-300% potential upside
Stop Loss (SL): $0.0158
What do you think of SUN's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
#SUN/USDT#SUN
The price is moving in a descending channel on the 1-day frame and is holding it very well and is about to break out to the upside
We have a bounce from the lower limit of the channel at 0.01600
We have a bearish trend of the RSI that is about to break out which supports the upside
We have a trend to stabilize above the 100 moving average
Entry price 0.01750
First target 0.02680
Second target 0.03337
Third target 0.04370
SUNUSDT 4H Consolidation zone on the 0.61% FIBONACCI correction.SUNUSDT 4H Consolidation zone on the 0.61% FIBONACCI correction.
SUN has broken out of all the bearish trends and is settling its price at these levels. From here, we have to watch what direction it takes, having clear levels where we can position ourselves bullish or bearish. We have to take into account what BTC does, which is the conductor of the orchestra for all ALTS.
LEVELS:
BUY: 0.0246
SELL: 0.0222
SL: 0.0222
TP: 0.0288
TP1: 0.0385
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Get informed, train yourself and build your own strategies when investing. I just hope that my comments will help you on your own path :)
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SUN/USDT: READY FOR A 100% MOVE!!Hey everyone!
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SUN/USDT looks good here. It breaks out from the symmetrical triangle in a 4-hour time frame and is currently, being it. Buy some here and add more in the dip.
Entry range:- $0.025-$0.027
Target:- 80-100%
SL:- $0.024
What are your thoughts on SUN's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
SUNUSDT 1h - CORRECTION A-B-C UpdateSUNUSDT 1h - CORRECTION A-B-C Update
In 1h, SUN has broken the support of the 200 EMA, so it is now easier for it to reach the target of 0.024 / 0.028.
We have a liquidity zone at 0.028 that could act as support, so it is a good time to make partial purchases. As long as it does not break the downward trend, we are still in the process of an A-B-C correction corresponding to the 0.50% - 0.61% zone of the previous big rise.
SUNUSDT 1h A-B-...SUNUSDT 1h
Possible A-B-C correction that could take the price to the purchase zone corresponding to the 50% - 61% correction of the previous rise. This zone would be between 0.024 and 0.026.
This A-B-C correction would be cancelled if the price shoots above 0.039 (615 of the A segment of the correction)
Sun under the eclips?I guess not.
NYSE:SUN is currently trading at $0.03235 after a pullback from recent highs. The price is finding support near the 0.5 Fibonacci retracement level. A potential rally could target $0.04136 and $0.06034 if the bullish momentum continues. The RSI suggests the market is neither overbought nor oversold, providing room for further movement. Keep an eye on the EMAs and support levels for signs of continuation or reversal.
Bullish Triangle Breakout Pattern in SUNUSDT NOW Description:
SUN Coin has recently displayed a bullish triangle breakout pattern, signaling a potential upward trend. This pattern typically indicates a continuation of the prior uptrend, providing a strong buying opportunity for traders.
The key features of this breakout include:
Consolidation Phase: SUN Coin experienced a period of price consolidation, forming a triangle pattern. This phase is characterized by a series of higher lows and lower highs, converging towards a point of breakout.
Volume Increase: As the price approaches the apex of the triangle, trading volume often increases, suggesting heightened trader interest and momentum.
Breakout Confirmation: The breakout above the upper trendline of the triangle is a bullish signal. For confirmation, look for a closing price above this trendline accompanied by increased volume.
Target Price: The target price for this breakout can be estimated by measuring the height of the triangle at its widest point and projecting this distance upwards from the breakout point.
Support and Resistance Levels: Post-breakout, it's crucial to monitor key support and resistance levels. The former resistance line (upper trendline of the triangle) now acts as a support level, while previous highs may serve as resistance.
Trading Strategy:
Entry Point: Enter a long position at or just above the breakout level.
Stop Loss: Set a stop loss slightly below the breakout point or below the former support line to manage risk.
Take Profit: Consider taking profit at the projected target price or in stages as the price approaches significant resistance levels.
Stay updated with the market sentiment and watch for any signs of reversal or false breakouts
SUN Price prediction 2024 - SUN IS GOING TO SHINE AND $0,07 SUN Price Prediction 2024 - Will SUN Shine Bright?
Based on our analysis, SUN could reach an exciting target of $0.07 by the end of this year.
Current Trends
At the start of the year, SUN's trend looks promising and different from previous years. This isn't just about a percentage increase but also about its overall development.
Year 2023 was a red year and 100% not sumllair as the trends of this year.
The year 2024 already made some start trends also to see on chart.
What’s Next for SUN?
We’re keeping a close eye on SUN because it has shown some very interesting movements recently. For 2024, there are several possible targets:
$0.021
$0.025
$0.035
$0.047
The most optimistic target is $0.07, which would be up to a new all-time high (ATH).
Note
Always do your own research. This is not trading advice. The market can be unpredictable.
The market can go for a time stable, it's about the year 2024 this is not short-term update.
SUN NEW INCREASE VOLUME TO HIGH LEVELSUN looks to enter an important trend increase with the possibility of a break.
Sun has new confirmation since this week and can show more.
We will follow the trend for SUNUSDT.
SUN - will 10x in 2024. Buy now or wait? ReadSUN is another gold mine that can make a lot of profit in 2024! We can see that we have had a 622-day long consolidation at the bottom of the chart. It's very important for whales to accumulate their coins so they can pump them and make a lot of money. What we want to do is spot the buying activity and buy before the pump!
I am definitely bullish on this coin, and the most important question - buy now or wait for a correction? It's not always an easy task, as sometimes the chart does not make any significant pullbacks. If you want to wait, I strongly recommend buying at 0.011320. Often, patience is the key to success. But if you really believe in this coin and do not want to miss out, you can buy the coin now and potentially buy even more on a pullback!
On the chart, you can see 3 profit targets that you can use. The third profit target will be specified later in 2024, so make sure you follow me! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is SUN token (SUN)?
The SUN.io platform is TRON's first one-stop platform that supports stablecoin swap, token mining and self-governance. After the redenomination, the new SUN token, as a multifunctional governance token on the SUN platform (similar to the CRV token of Curve DAO and the EPS token of Ellipsis), will grant token holders various rights and benefits such as the voting and governance right in the community, value capture, staking rewards, etc..
SUNUSDTGod's money
Our trust is in God
In today's society, money is God, if you are rich, you are God of people
So step by step in the direction of analysis and successful entry and exit, God of the people, be patient and be patient
Sun currency has reached the resistance zone, it is forced to collect and distribute in order to continue moving and aiming for price increase. And the price drop becomes more likely.
So you can enter the market at specified points and make a profit.
Sun (New) (SUN)The SUN.io platform is the first integrated platform for stablecoin swap, yield farming, and self-governance on TRON. The new SUN token redenominated from the old SUN; see chart below for recalibration ratio.
Anyway, it is clear that SUN was in a downtrend, and when SUN broke the downtrend line, it went into a consolidation zone; in the shape of a sideways channel. Then SUN broke this area upward and it seems SUN aimed to reach ATH. Let's see what happens.
SUN/USDT Had a Major Crash |👀🚀 What's Next for SUN?💎Paradisers, let's focus on #SUNUSDT, where the current trends indicate a potential for a bullish turnaround from its vital support area.
💎A review of #SunToken's latest market activities reveals a notable 45% reduction from its recent high. Yet, the steadfastness at the support level of $0.0072 suggests an opening for an upward movement.
💎Despite the hurdles in achieving new highs or surpassing prior milestones, leading to prevailing bearish sentiment, the $0.0072 level is crucial for #SUN. This juncture is primed to potentially initiate a considerable bullish wave with a fresh assessment.
💎As strategic traders, we're always equipped with an alternative plan. If #SUN declines further from this support, we're gearing up for a bullish revival starting from the next support at $0.0060. It's important to remember, however, that descent through this marker could signal the start of more profound bearish trends.
💎Keep your strategies adaptable and your eyes on the market, Paradisers. Your ParadiseTeam is diligently observing, ready to navigate you through these evolving market scenarios.
#SUN/USDT#SUN
The price is moving in an upward trend, which the price has relied on more than once in its rise
We have support at the 0.00750 level, from which it is expected to rise
After it is corrected a little
We also have a catalyst from the RSI indicator
We have a higher stability moving average of 100
Entry price .00764
First target 0.00861
Second goal 0.00957
Third goal 0.01060