$SUN is up 1.09% on the week and barely moving today, while the team says it has 60 more days of boosted APR running. that's a quiet tape for a coin with a reward program still switched on.
the claim comes from the SUN account itself, so treat it as their pitch: DeFi Summer S3 is live, a boosted pool for SUN is part of it, and anyone who was in S2 gets their position carried forward. the boost also covers TRX, USDD and JST, so SUN isn't the only token being paid to sit still.
that's where I land. rewards that run for 60 days give holders a reason not to sell every little pop, and the chart shows it: a 24h range of $0.01681 to $0.01711 is tight. tight ranges with a paid reason to stay put tend to break up, not down.
the boost gets people to stay. it doesn't get anyone to buy.
right now $SUN trades at $0.01701. if it holds $0.01681, the 24h low, I think it pushes through the $0.01711 high while the boosted APR is still running. if it loses $0.01681, I'm wrong on this and there's nothing to defend. if you're already in, that break means the farming yield is covering a falling price, and you should cut it.
holding $0.01681 or losing it?
follow me for more calls like this.
the claim comes from the SUN account itself, so treat it as their pitch: DeFi Summer S3 is live, a boosted pool for SUN is part of it, and anyone who was in S2 gets their position carried forward. the boost also covers TRX, USDD and JST, so SUN isn't the only token being paid to sit still.
that's where I land. rewards that run for 60 days give holders a reason not to sell every little pop, and the chart shows it: a 24h range of $0.01681 to $0.01711 is tight. tight ranges with a paid reason to stay put tend to break up, not down.
the boost gets people to stay. it doesn't get anyone to buy.
right now $SUN trades at $0.01701. if it holds $0.01681, the 24h low, I think it pushes through the $0.01711 high while the boosted APR is still running. if it loses $0.01681, I'm wrong on this and there's nothing to defend. if you're already in, that break means the farming yield is covering a falling price, and you should cut it.
holding $0.01681 or losing it?
follow me for more calls like this.