In this Sun Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for SUN-USDT. Sun Token (SUN) is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm, allowing holders to earn rewards for validating transactions and contributing to the network’s security. With a focus on sustainability and eco-friendliness, Sun Token aims to reduce the carbon footprint of blockchain technology by utilizing renewable energy sources. By leveraging cutting-edge technology and innovative governance models, Sun Token seeks to create a more equitable and accessible digital asset ecosystem for all users.
Sun Token Price Overview:
As of October 02, 2023, Sun Token is trading at approximately 0.0056 USDT. Let’s dive into the detailed price action for SUN-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00567 |
| High (H) | 0.006 |
| Low (L) | 0.00558 |
| Close (C) | 0.0056 |
| Volume (C) | 99,335,478.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00567 USDT.
- High (H): Sun Token reached a daily high of around 0.006 USDT.
- Low (L): The daily low for SUN-USDT was approximately 0.00558 USDT.
- Close (C): At the time of analysis, Sun Token is trading near its daily close of 0.0056 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.23% |
| 3D Change (%) | -1.41% |
| 7D Change (%) | 6.06% |
| 30D Change (%) | 7.07% |
| 90D Change (%) | -1.58% |
| YTD Change (%) | 9.16% |
Over the past three days, SUNUSDT has dropped by approximately -1.41%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 6.06%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SUNUSDT maintaining an upward trend of approximately 7.07%, despite intermittent fluctuations. Examining the last 90 days, SUNUSDT has witnessed substantial decline of approximately -1.58%, reflecting strong long-term confidence. Year-to-date, SUNUSDT has steadily appreciated by around 9.16%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Sun Token Live Chart:
You can access a live price chart for SUN-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.21601.
- Momentum score is 0.07075.
SUN USDT Technical Analysis
Sun Token Trading Volume:
The trading volume for Sun Token (SUN) over the past 24 hours has been significant, with approximately 99,335,478.00 USDT traded against SUN. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): SUN is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Sun Token is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for SUN-USDT is currently in the neutral zone, around 54.85567. This suggests that Sun Token is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Sun Token (SUN-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
