{"id":609907,"date":"2024-12-13T07:35:35","date_gmt":"2024-12-13T07:35:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=609907"},"modified":"2024-12-13T07:35:35","modified_gmt":"2024-12-13T07:35:35","slug":"sun-token-price-prediction-sun-plummets-16-in-a-week-as-investors-flock-to-this-innovative-staking-meme-coin-presale-with-just-7-days-left","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sun-token-price-prediction-sun-plummets-16-in-a-week-as-investors-flock-to-this-innovative-staking-meme-coin-presale-with-just-7-days-left","title":{"rendered":"Sun Token Price Prediction: SUN Plummets 16% In A Week As Investors Flock To This Innovative Staking Meme Coin Presale With Just 7 Days Left"},"content":{"rendered":"

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.<\/span><\/p>\n

Sun Token Price Aiming For A Bullish Trend Reversal<\/h2>\n

After a significant drop from September to November, <\/span>the price of Sun Token<\/span><\/a> entered a rally, which allowed the token to form a rounding bottom pattern. SUN soared from the $0.016 support to the $0.038 resistance, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

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 of $0.02589. The rounding pattern suggests that buyers regained control, but the subsequent pullback indicates profit-taking or a pause in bullish momentum.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Sun
SUNUSDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Conversely, a breach below $0.022 would invalidate the bullish setup, potentially revisiting lower levels around $0.02.<\/span><\/p>\n

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.<\/span><\/p>\n