To The Sun Price Prediction: SUNPUMP Plummets 21% As Traders FOMO Buy MGMES Ahead Of Launch In Just Hours
The To The Sun price plunged 21% in the last 24 hours to trade at $0.000989 as of 00:43 p.m. EST on trading volume that tumbled 3% to $4.8 million.
This comes despite the meme coin space rebounding with a 6% surge in the last 24 hours to a $41 billion market capitalization as DOGE, SHIB, and PEPE rose 7%, 3%, and 6%, respectively.
To The Sun Price Gearing Up Towards A Breakout
The To The Sun price soared yesterday to as high as $0.00140 before plunging back to the $0.000956 support within a descending triangle pattern, according to data from GeckoTerminal .
The downtrend has caused the price of To The Sun to plunge below the 50-day Simple Moving Average (SMA), affirming the current price correction.
Moreover, the Relative Strength Index (RSI) is dropping from the 50-midline level, currently at 44, indicating that selling pressure is picking up at this level.
If the selling pressure continues at this level, the bears could drive the price of SUNPUMP back to the $0.000845 support zone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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