Is It Too Late To Buy SUN? Sun Token Price Soars 47% And This Might Be The Next Crypto To Explode

The Sun Token price has soared 47% in the last 24 hours to trade at $0.01766 as of  6 a.m. EST on a 474% surge in trading volume to $376 million

Sun Token Price Analysis: Bullish Momentum Accelerates Into A Parabolic Curve

The SUN/USD on the 4-hour time frame illustrates a significant shift in momentum, marked by a pronounced bullish trend that has recently accelerated into a parabolic curve.

The price action, initially contained within a steady ascending channel, has broken out with remarkable strength, signaling heightened market enthusiasm.

Sun Token Price

SUNUSD Analysis Source: Dextools.io

The moving averages lend further credence to the bullish sentiment. The 50-period moving average, positioned at approximately $0.01075, and the 200-period moving average, around $0.01013, both trail significantly below the current price. This separation underscores the strength of the ongoing upward movement, as the price remains comfortably above these critical support levels.

However, this surge has pushed the Relative Strength Index (RSI) into overbought territory, currently standing at 85.63. An RSI this high raises the possibility of a near-term correction or at least a period of consolidation as the market digests these gains.

The Moving Average Convergence Divergence (MACD) indicator further highlights the bullish momentum, with the MACD line crossing well above the signal line. The widening gap between these lines often indicates continued strength. Such momentum can become unsustainable if it extends too far without a pullback.

Sun Token Price Prediction: Potential Pullback Looming

Given the current setup, the price faces immediate resistance around the $0.01800 level. Should the price overcome this hurdle with strong volume, it could trigger another leg up, potentially targeting the $0.02019 to $0.02243 range.

However, the RSI being in the overbought region and the steep nature of the parabolic move suggest that traders should expect a possible pullback or consolidation in the upcoming days.

While the SUN/USD pair is currently experiencing a powerful uptrend, the technical indicators suggest that this move may need to pause or retrace before any further significant gains.

A pullback to the $0.01500 to $0.01400 support range could provide a healthier base for a renewed advance, but if the current momentum continues unchecked, the market could push higher before such a correction occurs.

The Crypto All-Stars Presale Storms Past $600k – Next Meme Coin To Explode?

As the Sun Token price soars, investors are also flocking to a new meme coin called Crypto All-Stars (STARS), which has just zoomed past $600k in its presale.

Popular YouTuber Crypto Zeus has reviewed the project, saying it has ”big potential” and highlights its unique staking system that is drawing significant interest from investors.

Central to Crypto All-Stars’ innovation is the MemeVault, a revolutionary platform designed to streamline staking for all major meme coin projects into one intuitive ecosystem.

By establishing a centralized hub for meme coin staking, Crypto All-Stars is positioning itself as a key player in the evolving crypto landscape.

As more investors stake their meme coins in the MemeVault, the value and utility of $STARS tokens will continue to grow substantially.

The meme coins that can be staked on Crypto All-Stars include Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in the coming months.

$STARS staking is already underway during the presale, offering an impressive 2,493% annual percentage yield (APY). Over 295 million $STARS tokens have been staked so far.

Investors who are interested in participating can buy STARS on the official website buy widget for $0.0013966.

With a price increase coming in less than two days, buy now to lock in the best deal.

Purchase $STARS here using BNB, USDT, or a bank card.

Related Articles

  • Floki Price Surges 13% After UK Premier League Deals, But Traders Turn To This Olympics Meme Coin For 100X Gains
  • Cardano Price Prediction: As Tron Flips ADA To Become The 10th Biggest Crypto, Traders Rush To Buy This DOGE 2.0 Before It’s Too Late
  • Upcoming Crypto Presales: Unlock Early Investment Opportunities!

Comments

Post a Comment

Popular posts from this blog

Is $200 Within Reach For Solana Price? Here’s Why This Blockchain Firm Thinks So

Image
Like the general crypto market, the price of Solana (SOL) witnessed significant growth over the past week. According to the latest on-chain data, this might only be the beginning for SOL’s price, with several indications of further upside potential for the altcoin. What’s Behind Solana’s Recent Price Climb? In a new report, blockchain intelligence firm Santiment offered insight into the recent price of Solana. According to the analytics platform, the price of SOL has swung upward by more than 33% since the 4th of July, rewarding investors who continued to bet big on it despite the sluggish market conditions. Related Reading Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? 19 hours ago Santiment mentioned that this positive run of form displayed by the altcoin over the past two weeks can be linked to investo
Read more

Base launches 8-week boot camp to train blockchain developers

Coinbase’s layer-2 (L2) network, Base, has launched an eight-week training course to turn traditional software developers into blockchain developers. The Base network, part of the broader Coinbase ecosystem, has announced the launch of Base Bootcamp. It is an intensive, eight -week program designed to turn traditional software developers into proficient, smart contract developers .  Introducing Base Bootcamp, an eight-week program designed to turn experienced developers into smart contract developers Base Bootcamp will make learning interactive and collaborative, with support from experienced engineers and dedicated mentorshttps://t.co/gecI1FMpzT — Base ️ (@BuildOnBase) October 20, 2023 The Base Camp program aims to bring more people into blockchain technology. The current number of on-chain developers sits at less than 30,000, while over 30 million work in software development as a whole, according to the L2 network. This initiative aims to bridge this gap and make a new ec
Read more

Bitcoin Ordinals marketplace Bioniq launches on ICP

Bioniq, a new market place for Bitcoin Ordinals, introduces a distinctive approach by operating on the Internet Computer (ICP) blockchain. The introduction of Bioniq, a Bitcoin Ordinals market place, marks a notable development in the evolving landscape of cryptocurrency. Distinctively, Bioniq operates on the Internet Computer (ICP) blockchain, a platform developed by Dfinity, rather than directly on Bitcoin. This approach positions ICP as a type of layer-2 network for Bitcoin, a significant deviation from traditional practices in this space. Hello world! We're an experienced team of Web3 developers bringing you the worlds greatest trading experience for ordinal NFTs Send, receive, inscribe, buy, sell, swap, trade, auction, offer, and collateralize all in the works Can't wait to show you what we are building — bioniq (@bioniqMarket) February 28, 2023 Bioniq claims to offer several benefits including being the “world’s fastest” market place for Bitcoin Ordinals, incorporat
Read more