social experiment which focus on Defi; (SUN/USDT )analysis
SUN is closely associated with TRON, and conspicuously bears the surname of TRON’s founder, Justin Sun.
SUN’s main purpose is to exist as support for the TRON protocol, which aims to create a decentralized internet ecosystem.
❇️Rank #285, kind:Token ,On 13,640 watchlists
Market Cap: $210,442,770
Fully Diluted Market Cap:$844,822,202
Volume24h:$279,882,182
Volume / Market Cap:1.27
Circulating Supply:4,957,214 SUN
Max Supply:19,900,730
Total Supply:19,900,730
What Is 🌟SUN (SUN)🌟?
SUN (SUN) is a cryptocurrency designed to further the development of decentralized finance (DeFi) on blockchain network TRON (TRX).
Described as “the quintessential Bitcoin equivalent on TRON,” SUN is a voluntary project which runs on TRON’s TRC-20 token standard. A dedicated community administers operations via smart contracts.
❇️SUN specifically focuses on DeFi and aiding its uptake and infiltration on TRON’s blockchain. As such, its function mimics that of the native tokens of DeFi platforms, and rewards users for staking other coins and involving themselves in governance procedures.
refrences: coinmarketcap - sun.io
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for SUN/USDT, the price is trading at around $40.21 .
Sun is still rising in an uptrend that has started it's own uptrend since the beginning of this year and seems to be just in its first long-term uptrend and also it could go down to the bottom of its channel.
So you can buy more safely in the green support area in that point as good entery level.
Of course, even the floor of the canal may be broken, but then it seems more logical to reach the middle and then the roof.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
SUN’s main purpose is to exist as support for the TRON protocol, which aims to create a decentralized internet ecosystem.
❇️Rank #285, kind:Token ,On 13,640 watchlists
Market Cap: $210,442,770
Fully Diluted Market Cap:$844,822,202
Volume24h:$279,882,182
Volume / Market Cap:1.27
Circulating Supply:4,957,214 SUN
Max Supply:19,900,730
Total Supply:19,900,730
What Is 🌟SUN (SUN)🌟?
SUN (SUN) is a cryptocurrency designed to further the development of decentralized finance (DeFi) on blockchain network TRON (TRX).
Described as “the quintessential Bitcoin equivalent on TRON,” SUN is a voluntary project which runs on TRON’s TRC-20 token standard. A dedicated community administers operations via smart contracts.
❇️SUN specifically focuses on DeFi and aiding its uptake and infiltration on TRON’s blockchain. As such, its function mimics that of the native tokens of DeFi platforms, and rewards users for staking other coins and involving themselves in governance procedures.
refrences: coinmarketcap - sun.io
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for SUN/USDT, the price is trading at around $40.21 .
Sun is still rising in an uptrend that has started it's own uptrend since the beginning of this year and seems to be just in its first long-term uptrend and also it could go down to the bottom of its channel.
So you can buy more safely in the green support area in that point as good entery level.
Of course, even the floor of the canal may be broken, but then it seems more logical to reach the middle and then the roof.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
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