SUN Price Soars 180% In A Week As Investors Flock To This P2E Dogecoin With Just 2 Days Left Until Its DEX Launch
The SUN price dropped 12% in the last 24 hours despite being up 180% in the last week to trade at $0.03132 as of 00:53 a.m. EST on trading volumes that plunged 33% to $280 million.
The meme coin frenzy has been remarkable in the Tron Network after the launch of Pump.fun’s rival, SunPum, the new meme coin deployer.
Moreover, in the last week, SUN has been on an uptrend after Binance Features announced the launch of the SUNUSDT perpetual contract with up to 75X leverage.
SUN Price Aims For A Rebound
Despite the uptrend in the last week, the SUN price has been on a downtrend in the last day, trading within a falling channel pattern as it fell from the $0.041 resistance.
SUN now trades above the 200-day Simple Moving Average (SMA), which acts as the immediate support level, indicating that SUN is currently on an uptrend.
If the uptrend continues, SUN could soon breach the immediate resistance at $0.03544 at the 50-day SMA.
Moreover, the downtrend is supported by the Relative Strength Index (RSI) trading below the neutral zone, currently at 39, which is an indication that SUN is under intense selling pressure.
With the RSI showing that the asset is undervalued, the price of SUN could rebound from the slight correction as the bulls target the previous resistance at $0.041.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top Altcoins with Rising Sentiment Post-Market Recovery
Pump Science apologizes after GitHub key leak leads to fraudulent tokens
Share link:In this post: The DeSci platform Pump Science has warned its users not to trust any tokens launched using its Pump.fun profile. Pump Science said it would never launch its tokens on Pump.fun. While Pump Science holds BuilderZ partially responsible for the security breach, it does not think BuilderZ was the attacker.
Bitget Spot Bot adds MAJOR/USDT
We are pleased to announce that Bitget spot bot has now added: MAJOR/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own
Craig Wright Ordered to Return to UK for Contempt of Court