Technical Analysis for $SUN /USDT
Current Price: 0.03281 USDT
24h High: 0.04300 USDT
24h Low: 0.02615 USDT
24h Volume: 2.45B SUN
Key Technical Levels:
Support Level: 0.02615 USDT (Recent low)
Resistance Level: 0.04300 USDT (Recent high)
Current Price: 0.03281 USDT
Moving Averages:
50-day MA: Suggests a bullish trend as it is currently above the 200-day MA.
200-day MA: Indicates overall market uptrend, signaling support at lower levels.
RSI (Relative Strength Index):
Current RSI: 67 (Approaching overbought territory but still not extreme, suggesting room for a further upward move.)
MACD (Moving Average Convergence Divergence):
The MACD line is above the signal line, showing bullish momentum in the short term.
Trade Signals:
1. Buy Signal:
Entry: At or around 0.03280 USDT (if the price holds and continues upward).
Stop Loss: 0.02615 USDT (protect against significant drops).
2. Target Levels:
Target 1: 0.03750 USDT (previous resistance area, potential take-profit level).
Target 2: 0.04000 USDT (next resistance area).
Target 3: 0.04300 USDT (reach the 24h high, potential maximum for this bullish move).
Trade Momentum:
Momentum is positive, with a 24.33% gain in the last 24 hours, and the RSI is approaching overbought conditions. The MACD confirms the bullish sentiment, making this a potential good time to buy with a focus on reaching the first and second target levels.
Important Notes:
Always consider the broader market trend and adjust the stop loss or targets accordingly.
If the price falls below the support level of 0.02615 USDT, it could signal a bearish reversal.