- SunToken (SUN) surged 222% after breaking a resisting trend in July.
- The current flag-like structure signals potential for another significant price breakout.
- Analyst Javon Marks predicts a possible 165% rise, targeting a $0.03923 breakout.
Sun Token (SUN) has recently been on a remarkable upward trajectory. According to a renowned crypto analyst Javon Marks, the token has shown significant progress after breaking out of a resisting trend in July.
Following this breakout, SUN surged by approximately 222%, reaching as high as $0.03923 before experiencing a pullback and settling into a flag-like structure. Marks believes this temporary consolidation could be a strong indicator of even greater gains on the horizon.
Flag Structure Signals Potential Breakout
The flag-like structure that SUN has entered into could be a key signal for traders and investors. According to Marks, such patterns often precede another significant price movement.
In this case, SUN might be preparing for a massive continuation within an over 225% run, potentially pushing the token to its previous high of $0.03923. This setup has intrigued many who see SUN as a strong contender for continued growth.
This technical pattern often suggests that the market is only taking a breather before the next leg up. For SUN, this consolidation could be the calm before another storm of bullish activity.
August Rally Bolsters Confidence
As August rolled in, SunToken regained its momentum, showing major strength and beginning to climb once again. Javon Marks points out that SUN’s current performance hints at a potentially massive uphill run, with the breakout target of $0.03923 once again in sight.
Should the token continue on this path, it could experience another 165% rise from its current position, according to Marks’ analysis. Marks’ analysis paints a picture of a token that is not only resilient but also well-positioned for future gains.
The post Reputed Analyst Predicts SUN’s Strong Run Towards $0.03923 appeared first on Crypto News Land.
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