Latest Sun [New] (SUN) Price Analysis

By CMC AI
09 February 2026 03:04PM (UTC+0)

Why is SUN’s price down today? (09/02/2026)

TLDR

Sun [New] is down 4.14% to $0.0168 in 24h, underperforming a broader market decline of 2.59% and primarily driven by a market-wide risk-off move amid extreme fear sentiment.

  1. Primary reason: Broader crypto market sell-off, with total market cap falling 2.59% as the Fear & Greed Index sits at 9 (Extreme Fear).

  2. Secondary reasons: Low trading volume, down 39.34%, confirming a lack of buyer conviction during the decline.

  3. Near-term market outlook: If SUN holds above the $0.0168 support, it may consolidate; a break below could target the 90-day low near $0.015. Watch for a shift in broader market sentiment.

Deep Dive

1. Market-Wide Risk-Off Pressure

The entire crypto market fell 2.59% in the past 24 hours, with the CMC Fear & Greed Index at 9, signaling Extreme Fear. SUN, with a high beta to the market, moved in the same direction but fell more sharply (-4.14%), reflecting a lack of defensive demand for the token during the sell-off.

What it means: The drop was not SUN-specific but part of a broader capital flight from risk assets.

Watch for: A sustained recovery in total market cap above $2.4 trillion to signal broader stability.

2. Low Volume Confirms Weakness

Trading volume for SUN dropped 39.34% to $15.99 million during the decline. Lower volume on a down day suggests the move was driven more by a lack of buyers than by aggressive selling pressure.

What it means: The downtrend lacks strong conviction, but also shows little buying interest to reverse it.

3. Near-term Market Outlook

SUN is trading near its 24-hour low of $0.0168, which now acts as immediate support. The token is in a clear longer-term downtrend, down 25.42% over 90 days. If the broader market stabilizes, SUN could consolidate between $0.0168 and $0.0175. The key risk is a break below $0.0168, which could trigger a retest of the 90-day low around $0.015.

What it means: The trend remains bearish, and direction is tightly linked to overall crypto market health.

Watch for: Bitcoin's price action, as a leading indicator for altcoins like SUN.

Conclusion

Market Outlook: Bearish Pressure SUN's decline is a symptom of a fearful macro-crypto environment, compounded by weak token-specific demand. Key watch: Whether SUN can defend the $0.0168 support level in the next 24-48 hours, or if it breaks down toward its yearly lows.

Why is SUN’s price up today? (08/02/2026)

TLDR

Sun [New] is up 7.41% to $0.0175 in 24h, significantly outperforming a broader market that rose 2.75%. The move is primarily driven by a coordinated surge in tokens associated with TRON founder Justin Sun.

  1. Primary reason: Sector rotation into the "Justin Sun ecosystem," with social chatter fueling coordinated buying across related tokens like SUN and JST.

  2. Secondary reasons: A massive, confirming volume spike and residual positive sentiment from recent TRON treasury expansion news.

  3. Near-term market outlook: If SUN holds above $0.0175 and breaks the $0.01845–0.01852 resistance zone, it could target $0.01895; a failure to hold support risks a retest of $0.01778.

Deep Dive

1. TRON Ecosystem Sector Rotation

A key driver is capital rotating into tokens linked to Justin Sun. On February 8, social media highlighted the "孙哥板块" (Justin Sun's sector) moving, with SUN and JST leading gains (BabyBTC). This indicates coordinated, sentiment-driven buying within the TRON ecosystem rather than a broad market move.

What it means: SUN's price is being lifted by its association with the TRON founder and community momentum, not a standalone catalyst.

Watch for: Sustained social volume and whether other "Sun sector" tokens like JST continue to correlate.

2. Volume Confirmation & Lingering Sentiment

The move was confirmed by a huge volume spike. On February 6, SUN saw a 442.92% increase in trading volume on Binance spot markets (cexscan), signaling strong buyer conviction. Furthermore, recent news of Tron Inc. consistently accumulating TRX for its treasury (Raph_GMI) and Justin Sun's planned $100M Bitcoin purchase (CoinDesk) created a backdrop of positive ecosystem sentiment.

What it means: High volume validates the price move, while older treasury news may have set a supportive narrative.

3. Near-term Market Outlook

The immediate technical structure is key. Analysis from February 4 identified $0.01845–0.01852 as a decisive resistance zone (Finora AI). The current price sits just below this level. If bullish sector momentum continues and SUN breaks above this zone, the next target is $0.01895. However, if the social-driven buying fades and price fails to hold the $0.0175 support, a retest of the $0.01778 support level is likely.

What it means: The trend is bullish but faces a concrete technical hurdle; the next 24-48 hours will test its sustainability.

Watch for: Price action around the $0.01845 resistance and any new TRON ecosystem announcements.

Conclusion

Market Outlook: Bullish Momentum (Conditional) SUN's rise is a clear example of ecosystem-driven sector rotation, amplified by high-volume trading. The trend remains positive but is now testing a known resistance area. Key watch: Whether SUN can decisively close above $0.01852 to confirm the breakout and extend gains, or if it gets rejected, signaling a need for consolidation.

CMC AI can make mistakes. Not financial advice.