#sun
The short-term support and resistance levels for SUN token at the moment are as follows:
- Support Level: $0.03543
- Resistance Level: $0.04337
Considering the current price of SUN token, which is $0.039326, it can be concluded that the price is between the support and resistance levels.
As for whether you should be bullish or bearish, there are several factors to consider:
1. Current Trend Analysis:
The short-term trend analysis points to SHORT. This may mean that there is some negative momentum in the market for SUN token.
2. Positioning of Major Holders on Binance: The long to short ratio is 0.9:1. This means that most of the major holders are long.
However, given the current trend of the analysis, this could be because they are already holding positions and do not want to sell in an unfavorable situation.
3. Current Funding Rate:
The current funding rate is -0.00135368. The negative value indicates strength on the short side. This could be another factor that supports the bearish position.