🚨$SUN is trying to keep uptrend 🔥🔥🔥🚀🚀🚀
🔹 Sun Token (SUN): Recent Developments and Technical Analysis 🔹
Sun Token ($SUN) has been experiencing a Upturn recently right now, there are signs of potential recovery. The token's price stands at $0.01642, with a market cap of $161.43M and circulating supply of 9.83B.¹
*Recent Developments:*
- The SUN token is a multifunctional governance token on the SUN platform, which supports stablecoin swap, token mining, and self-governance.²
- Justin Sun, the founder of TRON, is involved in a court case with the SEC, which may impact the token's price.³
- SUN has been listed on various exchanges, including Huobi and Binance, making it more accessible to traders and investors.
*Technical Analysis:*
- The 14-day RSI stands at 45.89, and STOCH(9,6) stands at 28.76, both implying a neutral sign, with a risk of price correction or balance between buying and selling interest.
- The SUN price is up +1.82% in the last 24 hours and up +2.23% this week.
- A descending triangle has formed, with price action recently testing its lower boundary, and the RSI remains in oversold territory, suggesting selling exhaustion.
*Price Predictions:*
- Some predictions suggest SUN could reach $0.08 this year, depending on the outcome of Justin Sun's court case and broader market conditions.
- Long-term projections for 2030 depend on SUN's utility and integration within DeFi or staking mechanisms, which could significantly impact demand..
