$SUN /USDT +1.84% — Momentum Building as Price Breaks Above Short-Term Resistance
SUN is currently trading at $0.02212, up +1.84% on the day, showing signs of strength after pushing above its MA(7) and gaining distance from its longer-term moving averages. This could signal an emerging bullish trend as accumulation increases.
Technical Breakdown:
24h Range: $0.02156 – $0.02226
Volume: 123.37M SUN / $2.71M USDT
MA(7): $0.02154
MA(25): $0.02005
MA(99): $0.01874
Momentum & Structure:
Price has broken above all key MAs, suggesting a short-term uptrend is underway.
Rising MACD and RSI likely supporting bullish momentum.
A higher low structure appears to be forming with increasing volume, further supporting the move.
Key Levels to Watch:
Immediate Resistance: $0.02244 → $0.02381 → $0.02422
Support Levels: $0.02154 → $0.02067 → $0.01890
Outlook:
Bullish Bias: Above $0.02154
Upside Target: A breakout above $0.02381 could extend to test $0.02422
Downside Risk: A drop below $0.02150 may weaken the bullish setup, retesting $0.02067
Conclusion: SUN is showing early bullish signs as it climbs above all major moving averages. As long as the price holds above $0.0215, a push toward $0.0238+ remains likely. Watch for volume continuation to confirm the trend.