Can SUN Price Hit $0.01? Sun Token Shows No Signs of Slowing Down?

Sun Crypto increases higher while Justin Sun commits perpetual registry – lifting a new question: can the momentum contain over $ 0.3 and push towards new high cycles?

Sun Token (Sun), the governance coin of the DIFI Hub of Tron Sun.io, went up on September 22nd, after the founder Justin Sun confirmed This entry from a new perpetual exchange will be used to regain the token.

Sun exchanged between $ 0.034 and $ 0.035 on the past day, with a volume of 24 hours near $ 950 million and a market capitalization of about $ 656 million. The session interval extended from $ 0.0258 to $ 0.0412, marking a profit greater than +22%.

(Source: Coinmarketcap)

The move followed the official launch of Sunperp, a perpetual dex based in Tron who promoted “the lowest trading commissions on the market” and underlined its model of revenue to be touched.

A press release On Monday he said: “The token $ Sun will be further enhanced, with the Sunperp revenues used to regain $ sun to strengthen its value and stability”.

The structure means that each dollar of exchange revenues will be directed to the purchase of the sun on the open market, effectively linking the demand for tokens to the commercial activity.

According to Justin Sun’s X post, Sunperp will allocate 100% of the income of the protocol to the registry to reduce the circulating supply and strengthen the acquisition of the value within the Sun.io.

Can the sun maintain the momentum greater than $ 0.03 after the liquidation peak?

Second Coinglass dataThe token of the sun has faced a strong wave of liquidations in the last few days, with long positions and affected court.

(Source: slate)

While the token has exceeded $ 0.03, it saw its strongest rally in months and the liquidations increased above $ 1.5 million.

Although there had been little activities in previous sessions, the breakout pushed a series of short squeezes and long brushes.

While lever operations continue to relax, the move highlights the growing volatility in the sun.

The level of $ 0.03 will be a crucial indicator if the token can maintain momentum or recent recent earnings.

Second DefillamaThe total value of Sun blocked (TVL) is $ 986.5 million starting from 22 September.

(Source: Defillama)

That figure is very below the peak of $ 2.5 billion in 2021-2022, but above the minimum of 2023 less than $ 500 million.

Despite less market activities than the previous maximums, Tvl has maintained a stable users base in the last year, turning the sign of $ 1 billion with few fluctuations.

Sun still plays a significant role in Defi even if he has lost most of his previous domain.

To find out more: will Tradfi kill USD volatility? Forex lessons?

Forecast of the price of the sun: what does the increase in the volume of negotiation for the action of the Sun price means?

Sun (Sun USDT) carried out a significant recovery on the 4 -hour table, after a period of weak performance started at the end of August.

(Source: Sun USDT, TradingView)

After weeks of negotiation less than $ 0.02, the token came into action on September 18, pushing the key furniture and attracting new interests by the traders.

The breakout raised the sun over the average exponential furniture of 50 and 100 periods ($ 0.02448 and $ 0.02661), transforming them into short -term support.

Prices therefore increased by $ 0.04 before settling near $ 0.034 at the time of drafting. The volume of trading has risen to over $ 161 million, a strong increase that highlights a renewed speculative activity.

The rally arrived with volatility. The candles show long stops on both sides, indicating heavy purchases and quick profits.

Immediate support is located near $ 0.03, which buyers defended during the last Pullback. If that floor is valid, bulls can push for another $ 0.04 test.

However, the acute climb also increases caution. The refusal greater than $ 0.04 shows that profit hiring is already at stake. A decrease in less than $ 0.03 could see the sun sliding towards the $ 0.026- $ 0.028 area, in which the mobile average is cluster.

For now, the momentum promotes the bulls. The key question is if the sun can contain over $ 0.03 in the next sessions or if volatility sends the token to another correction tour.

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Can the post reach the price of Sun $ 0.01? Doesn’t the sun token show signs of slowing down? He appeared first out of 99bitcoin.

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