Sun Token Price Prediction: 2024, 2025, 2030

SUN price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly chart, the lowest support level for SUN was noted at $0.005. 
• Meanwhile, $0.040 is likely the highest level of resistance.

2. Market sentiment

• SUN has been observed to be in a bullish market in September 2024.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the forecasted average price for 2029 is projected to be over $0.050, further soaring to $0.100 in 2034.

Gain in-depth insights on SUN through a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

SUN technical analysis: Market undergoes correction post overbuying

The Sun Token price prediction for 2024 is shaped by its performance throughout the previous year, with significant fluctuations in market value and emerging patterns playing key roles. In September 2023, the Tron (TRX)-based token struggled under a bearish reign like many coins.

Its proximity to the yearly lowest support of $0.005 lasted a month. In Q4 2023, SUN rallied with the broader market. The token’s repeated attempts to claim $0.008 between December and mid-January triggered slight retractions.

Nonetheless, the sector-wide February gains flipped this level bullishly by mid-month. By the subsequent month, the token challenged $0.016. Over a month of efforts faltered as the market crashed in Q2 2024. The token reversed its trajectory from April and moved south, concurrently erasing the previous gains.

By August, SUN retested the low support of $0.008. Nonetheless, it decoupled from the market and posted major gains, hitting highs last seen in late 2021. In late August, the token rose to test the peak yearly resistance of $0.038.
 

AMBCrypto noted that the primary catalyst behind this dramatic rise was the launch of SunPump. This memecoin project led to substantial revenue gains for the Tron blockchain. Moreover, TRX’s price surged along with SUN. 
 

Regardless, the token’s overbought state prompted a correction. As investors cashed out, the price dipped. By September, $0.022 halted further declines. The price has since stabilized at this support.
 

At the time of writing, the SUN’s trading price was $0.023. As per CoinMarketCap, it depreciated over 40% in the past month.

If the bullish sentiment remains strong, the uptrend can resume from the current support. Sustained buying pressure can allow the buyers to extend the rally to a high of $0.040.
 

Alternatively, the token can retest the $0.016 support if the current support is flipped to resistance. A drop below this level will likely reverse the market trend to bearish. 

Long-term forecasts from the prediction models anticipate SUN's average price of over $0.050 in 2029, which can grow gradually to $0.100 in 2034. This underscores the asset's continued yet slow growth.

SUN's 2024 roadmap: Key indicators to watch and trade

• The trading volume was predominantly low, with only intermittent upticks supporting the price rallies. It peaked in late August, highlighting investor interest. Nevertheless, this was unsustainable as the volume followed the dropping price.
• The Moving Average Convergence Divergence (MACD) and its signal line ascended exponentially and turned positive in mid and late February, respectively. The decline from April led to a bearish crossover in mid-May.
• Moreover, the MACD line dipped below the zero line in late July. Nevertheless, it surged past it, making a bullish crossover in late August. The latest values were the MACD line at 0.00372, the signal line at 0.00263, and the histogram at 0.00109.
• The On-Balance Volume (OBV) was relatively flat till late October. After a slight ascent, the indicator declined between March and early August.
• A sharp rise succeeded this. However, it was reversed mid-month. Its press time value of 17.155 billion reflected the cooling off of buying pressure.