To The Sun Price Prediction: SUNPUMP Plummets 21% As Traders FOMO Buy MGMES Ahead Of Launch In Just Hours

To The Sun Price Faces a Correction Amidst Meme Coin Surge

Despite a 6% uptick in the meme coin market, To The Sun (SUNPUMP) has plunged 21% within the past 24 hours. The cryptocurrency is currently trading at $0.000989 with a trading volume of $4.8 million, marking a 3% decrease.

Technical Analysis Indicates a Potential Price Breakout

According to GeckoTerminal, To The Sun's price surged to $0.00140 yesterday before retreating to $0.000956 within a descending triangle pattern. This downtrend has taken the price below the 50-day Simple Moving Average (SMA), suggesting ongoing price correction.

Furthermore, the Relative Strength Index (RSI) has dropped below the 50-midline level to 44, indicating increasing selling pressure. If this selling pressure intensifies, SUNPUMP's price may decline towards the $0.000845 support zone.

However, as the price nears the end of the triangle, a breakout may be imminent. The bulls are poised to capitalize on the asset's undervalued state. If buying momentum increases, the price could rally above $0.001376.

Top Traders Flock to The Meme Games (MGMES) Presale

Meanwhile, significant investor interest is driving the presale of The Meme Games (MGMES), which is set to launch today. The presale has raised over $454K, attracting attention in anticipation of its 10 a.m. UTC launch.

This innovative project introduces an Olympic-style competition featuring iconic meme coins, allowing investors to back their favorite by purchasing MGMES tokens. If their chosen meme coin wins (determined randomly through blockchain technology), they receive a 25% bonus on their investment.

In addition, token holders can earn passive income through staking with an impressive 423% annual percentage yield (APY). According to the popular YouTube channel 99Bitcoin, MGMES has the potential for a 100x surge following its launch.

Interested investors can still participate in the presale by purchasing MGMES tokens on the official website for $0.00945 per token using ETH, BNB, USDT, or a bank card.