$SUN has experienced a notable decline of -5.676% over the past 24 hours, reflecting a bearish sentiment in the market.
The price oscillated between a high of 0.01715 and a low of 0.01576, indicating heightened volatility.
Currently, SUN is testing its support level at 0.01576, with resistance at 0.01715, creating a narrow trading range.
The Bollinger Bands suggest a potential continuation of this downtrend, as prices hover near the lower band.
Macroeconomic factors, especially inflation and regulatory uncertainties, are further constraining market activity.
Currently, Bitcoin's influence is muted, suggesting a divergence in performance.
Traders may consider a short-term strategy given the volatility and the prevailing downtrend.
Key takeaway: Monitor macroeconomic cues closely; they could provide critical insights into SUN's prospective recovery as the market remains uncertain.
