The Sun (NEW) price surged 21% in the past 24 hours, reaching $0.03575 as of 10:05 p.m. EST. This surge came despite a 1% decline in the meme coin market, which currently has a total capitalization of $41 billion.
Sun (NEW) Price Poised for Continued Growth
According to GeckoTerminal data, the Sun (New) price has been steadily climbing since its launch, reaching an all-time high (ATH) of $0.0440. After a slight correction on August 25, the bulls have pushed the price higher, propelling it within a rising channel pattern.
Sun (New) is currently trading above its 50-day Simple Moving Average (SMA), indicating bullish momentum. The Relative Strength Index (RSI) is also above the 50-midline level, currently at 56, suggesting strong buying pressure.
Should the positive sentiment continue, Sun (New) has the potential to rally further, with $0.050 emerging as a potential target. However, if bears gain control, the price may encounter support at $0.025.
Investors Turn to Pepe Unchained (PEPU)
Despite the Sun (New) price surge, investors have also shown interest in the new meme coin Pepe Unchained (PEPU), which has raised over $11.2 million in its ongoing presale.
Pepe Unchained has garnered attention as a superior alternative to $PEPE, leveraging its own proprietary blockchain to offer lower transaction costs and faster speeds. This blockchain will also serve as a launchpad for future meme coins and tokens, benefiting from the same cost-effective transactions as $PEPU.
Holders of $PEPU can also earn passive income through the platform's staking system, which offers an annual percentage yield (APY) of 178%. According to 99Bitcoins, a reputable crypto channel on YouTube, $PEPU is among the most promising cryptos to invest in, with potential for a 100X return after its launch.
To participate in the presale, interested individuals can purchase $PEPU for $0.0093851 each from the official website, using ETH, USDT, or a bank card.