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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.
However, with the price now moving towards the end of the triangle, there may be a breakout, with the bulls aiming to capitalize on the asset being undervalued. If the bulls start buying, there may be a rally above, as the bulls target $0.001376.
Meanwhile, top traders are rushing to buy The Meme Games (MGMES) presale, which is set to go live today.
MGMES Offers Final Chance to Buy Before Launch – Time Is Running Out!
With just hours left before its official debut, The Meme Games (MGMES) is seeing a surge in investor activity after raising over $454K during its presale.
The token is set to launch at 10 a.m. UTC, with claims available immediately it goes live.
This unique project brings an Olympic-style competition to the meme coin space, featuring iconic meme coins Dogecoin, Pepe, Dogwifhat, Brett, and Turbo.
CRYPTO BREAKING NEWS
The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. #partnercontent check us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
By purchasing MGMES tokens, investors can back one of these five meme athletes in virtual competitions. If their chosen meme coin wins, randomly determined by blockchain technology, they receive a 25% bonus on their initial investment.
This gamified approach adds excitement and rewards to the presale experience, creating a fun and competitive environment.
In addition to event bonuses, token holders can earn passive income by staking their MGMES tokens, enjoying an impressive annual percentage yield (APY) of 423%.
According to the popular YouTube channel 99Bitcoin, with over 706K subscribers, MGMES has the potential to surge 100x after its launch today.
Priced at $0.00945 per token, buyers can still secure a 25% bonus by purchasing MGMES on the official website here with ETH, BNB, USDT, or a bank card.
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