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The Sun Token price surged 6% in the last 24 hours to trade at $0.02588 as of 3.30 a.m. EST on trading volume that climbed 4% to $57.5 million.
The SUN price surge came after the announcement on X that revealed its new partnership with DWF Labs, a project whose goal is to help build the future for Web3. According to the announcement, the partnership will be highly beneficial for the SUN token, ensuring enhanced liquidity across all venues.
Furthermore, it will support smoother trading, and at the same time increase accessibility for SUN. As a result, the project will have a more dynamic market presence.
Finally, the project said that its goal as part of this collaboration is to provide a stronger foundation for growth and broader adoption of the SUN token across platforms.
We are thrilled to announce our partnership with @DWFLabs for the $SUN token, ensuring enhanced liquidity across all venues. This collaboration will support smoother trading and increased accessibility for $SUN, fostering a more dynamic market presence. By working with DWF Labs,… pic.twitter.com/6Ze89UbX8h
— SunPump (@sunpumpmeme) September 20, 2024
However, while the new partnership is the latest positive development for the SUN token, it is hardly the only one. The project also recently announced progress on the Upgrade of SunSwap V3 router contract, which will reduce transaction energy fees to 1%.
📢Announcement on the Upgrade of SunSwap V3 router contract: Transaction energy fee reduced to 1%
🔹To bring more value and benefits to the community, and further promote the long-term prosperity of the #TRON ecosystem, the https://t.co/KFtGKsS4xB platform has implemented a… pic.twitter.com/7l7aMPtEDE
— SunPump (@sunpumpmeme) September 18, 2024
This brings more value and benefits to the community while further promoting the long-term prosperity of the Tron ecosystem, it says.
Sun Token Price Prediction
The Sun Token price surge seen in the last 24 hours is only the continuation of the one that started on September 18. The token’s price went from $0.022 to $0.026 over the past two days, but this resistance stopped its progression.
Right now, the project is giving somewhat conflicting signals as to what might happen next. Its Bollinger bands have seen a massive widening, with the price pushing the upper band until very recently. Now, the price has detached itself from the upper line, and is moving toward the middle ground between the two bands.
Whether it will stabilize there or reach the lower band and start pushing down remains to be seen, although the latter is less likely, unless if the bands come much closer to one another. Sun price has started a correction following the sharp surge seen in the last few hours, and another metric that mirrors it is the project’s RSI.
The RSI, or Relative Strength Index, shows that the traders have started selling the token to take profits after the price reached the resistance at $0.026. As the price grew, so did the RSI value, venturing into the overbought area.
Some traders started selling as soon as the RSI crossed the value of 70, so by the time it reached its peak at 74.79, it was ready to go into free fall. As of the time of writing, the RSI value has been spiraling down toward the neutral area, currently at 59.24. Whether it will stabilize here or continue to drop toward the oversold zone remains to be seen, but one thing that is certain is that it is currently both too late and too early to get into SUN right now.
Traders interested in the token can either wait for its price to find its bottom and then buy the dip, or consider a high-potential alternative that has yet to see its first major price surge.
Promising Alternatives to Sun
This year will be remembered in crypto history as the year of the meme coin, with countless coins and tokens going live on a variety of blockchains. However, along the way, meme coin projects stopped being in it each for its own sake, and started providing utilities for one another.
The most recent example of this is Memebet Casino (MEMEBET Token) — a new project that provides a casino platform where you can place wagers in meme coins.
While not the first project to provide use cases for other meme coins, it is the first one that lets you play games and place bets using a wide spectrum of other major tokens in the meme coin sector, which immediately put it on the map.
The project describes itself as a platform for degens, and it offers bonuses and airdrops for those who provide support, which is what attracted many, in addition to the ability to bet using meme coins.
Another great benefit is that Memebet Casino is the best way to accumulate meme coins ahead of the upcoming bull run, which is the argument made by a popular crypto YouTuber, ClayBro, who has over 130,000 subscribers.
The project has just raced past $250k in funds raised in its presale with the MEMEBET Token currently priced at $0.0252. But this won’t be the case for long as a price hike is coming in less than 22 hours. Buy before then for the best price.
Buy MEMEBET Token here with ETH, USDT, or credit/debit cards.
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