SUN/USDT : Preparing for an Upside Breakout
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The SUN/USDT pair is currently navigating a descending channel on the 1-day timeframe, showing strong support as it approaches a potential breakout to the upside.
The price recently bounced off the lower limit of the channel at **$0.01600**, indicating a bullish reversal.
Additionally, the RSI is exhibiting a bearish trend that is on the verge of breaking out, further supporting the upward momentum. Stabilization above the **100 moving average** adds to the positive outlook.
Conclusion :
With these technical indicators in play, SUN is poised for an upward move.
Advice for Investors :
Consider entering at **$0.01750**, with first, second, and third targets set at **$0.02680**, **$0.03337**, and **$0.04370** respectively. Keep an eye on market conditions and adjust your strategy as needed.