Sun Price Prediction: SUN Jumps 5%, But Investors Are Rushing To Buy This Base Meme Coin Rival With Just Hours Left

The Sun price has surged 5% in the last 24 hours to trade at $0.03076 as of 6:30 a.m. EST, driven by a 23% increase in trading volume to $321 million.

Sun Price May Along The Parabolic Curve

The Sun price chart on the daily timeframe indicates a strong bullish trend, characterized by a recent breakout and the formation of a parabolic curve. After a prolonged period of sideways movement, the price surged above key resistance levels, signalling the beginning of a potential long-term uptrend.

Sun price

SUNUSD Analysis  Source: Dextools.io

This breakout, occurring around the $0.0135 level, led to a rapid price increase, reaching a recent high of approximately $0.0400. The steep rise forms a parabolic curve often associated with intense bullish momentum.

The price is well above the 50-day and 200-day simple moving averages, with the 50-day SMA at $0.0135 and the 200-day SMA at $0.0131. This positioning of the moving averages and the golden cross (where the 50-day MA crosses above the 200-day MA) further confirms the bullish outlook.

Sun Price Bullish On Technicals

However, given that the RSI is at 70.87, indicating an overbought condition, there’s also a high likelihood of a pullback or consolidation before any upward movement. If the price fails to break above $0.0400, it could retrace to test support levels around $0.0300 or even as low as $0.0250, where buyers may step in to accumulate again.

The MACD indicator also supports the ongoing bullish trend, with the MACD line significantly above the signal line, indicating that the upward momentum could continue for the Sun price.

The expanding positive histogram bars further reinforce this view. However, the steepness of the MACD curve indicates that momentum might be peaking soon, which could lead to a slowdown in the uptrend or even a correction.

The SUN price is in a robust uptrend with the potential to move higher, especially if it breaks above the $0.0400 resistance level.

The RSI suggests that the price may be overbought, currently at $0.0308, increasing the likelihood of a short-term pullback or consolidation. Managing risk is crucial in such a scenario, particularly as the market approaches these critical technical levels.

While the bullish trend remains intact, traders should prepare for potential volatility. A breakout above $0.0440 could lead to higher targets, but if resistance holds, a correction toward $0.0300 or $0.0250 could occur before the next upward move.

Last Chance To Buy Before Presale Ends Soon

As traders rush to purchase SUN, more investors are also pouring funds into the new Base token, Base Dawgz (DAWGZ), which has raised over $3.1 million in the presale that has just a few hours left before it ends.

Popular crypto YouTuber ClayBro, who has over 130,000 subscribers, recently mentioned that DAWGZ is a token worth accumulating.

Although its primary chain is Base, $DAWGZ also Features multi-chain capabilities, with launches on Ethereum, Solana, Binance Smart Chain, and Avalanche.

Advanced protocols like Wormhole and Portal Bridge support these multi-chain capabilities, enhancing the token’s interoperability, liquidity, and overall utility within the decentralized finance (DeFi) space.

Base Dawgz also Features a Share-to-Earn system that rewards the community for creating and sharing content, such as memes, to earn additional $DAWGZ tokens.

Stake $DAWGZ Now For High APY Before Presale Ends In A Few Hours

The project will also launch the “Be Social for Airdrop” campaign to reward users with points. All you have to do is use your X account to create and share memes and other content about Base Dawgz. After the presale ends, users can exchange these points for $DAWGZ tokens.

In addition to its multi-chain capabilities, Base Dawgz offers staking with a notable 761% APY, with 20% of its supply allocated for staking rewards.

Investors can purchase DAWGZ tokens at a discounted price of $0.008173, with the price expected to increase once the token is listed on exchanges. Even if you haven’t bought any yet, there are still 5 hours left to acquire them before the presale ends.

Buy DAWGZ tokens here using ETH, USDT, BUSD, or USDC.

Related Articles

  • Base Dawgz Races Past $2.8 Million In Presale As Base Chain Accounts Surged 56% In July
  • Latest Meme ͏Co͏in To͏ ͏Buy Right Now, F͏ri͏d͏ay͏,͏ ͏Augu͏st͏ 09 – Base ͏Dawgz͏, M͏o͏g Coin, Maga, D͏og ͏(Runes)
  • Dog (Runes) Price Prediction: DOG Skyrockets 51%, But Traders Turn To This $DAWGZ Meme Coin ICO To Buy The Dip

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