Sunusdtsetup
#SUN/USDT#SUN
The price is moving within a descending channel on the 1-hour frame and is expected to continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower limit of the channel at 0.01560.
Entry price: 0.01610
First target: 0.01632
Second target: 0.01660
Third target: 0.01700
Sun under the eclips?I guess not.
NYSE:SUN is currently trading at $0.03235 after a pullback from recent highs. The price is finding support near the 0.5 Fibonacci retracement level. A potential rally could target $0.04136 and $0.06034 if the bullish momentum continues. The RSI suggests the market is neither overbought nor oversold, providing room for further movement. Keep an eye on the EMAs and support levels for signs of continuation or reversal.