$SUN J Technical Analysis

Consolidation Pattern

1. Price Range Fluctuation:

Current price 0.026137 is in a consolidation area (green rectangular area) after a previous rise. This is a clear consolidation phase, indicating that the market is accumulating momentum, possibly preparing for the next trend.

2. Support and Resistance:

• Support Level: around 0.023542 (MA60 moving average). The price has strong support at this level and has not effectively broken below.

• Resistance Level: around 0.0265 - 0.027 area. This is the current short-term resistance area, and a breakthrough will open up upward potential.

3. Moving Averages (MA):

• MA5 and MA10 are forming a golden cross, with short-term moving averages trending upwards, showing an increase in bullish strength.

• MA30 and MA60 are steadily rising, forming a bullish arrangement of moving averages, supporting a positive medium-term trend.

Upward Trend Analysis

1. Volume Changes:

• Trading volume has expanded at the bottom, particularly in mid-December, showing a significant increase, which usually indicates the entry of main funds.

• Current trading volume has slightly decreased but remains stable, indicating that the market has not experienced panic selling.

2. K-Line Pattern:

• The December low of 0.018825 has been effectively raised, forming a gradually rising staircase pattern.

• Multiple bullish candles interspersed with a few bearish candles indicate that buyers dominate the market.

3. Technical Indicators:

• MA5 > MA10 > MA30 > MA60: Classic bullish arrangement.

• The current price has stabilized above all key moving averages, with strong bullish signals in the short term.

• If it breaks through 0.027 in the short term, the upward targets can be seen at 0.030 and 0.040.

Comprehensive Judgment

The overall market trend is upward, and the current price is in a consolidation and accumulation phase. In the short term, attention should be paid to whether it can break through the resistance at 0.027 with increased volume. If successful, it is expected to open up further upward space. In the medium term, the overall trend is healthy, and it is advisable to accumulate on dips.