The Sun price surged 40% in the last 24 hours to trade at $0.02412 as of 3 a.m. EST on trading volume that skyrocketed 59% to $413.2 million.
The token saw a 160% surge in the last seven days as the Tron network’s SunPump meme coin launchpad exploded.
SunPump outpaced Solana’s Pump.fun platform in activity and revenue over the past 24 hours.
Sun Price Prediction
The SUN price surge has seemingly reached its limit earlier today after the token hit the resistance at $0.025.
It has made several attempts to breach this barrier in the last 24 hours, only for each of them to end up being unsuccessful, and result in a price rejection.
Right now, the token is seeing a correction that has taken its price to $0.02412, and for the moment, it continues to drop.
However, the project’s Bollinger bands have started widening again, which is a bullish signal, especially when combined with its RSI.
The RSI, or Relative Strength Index, is a metric that shows whether the asset is seeing more purchases or more sales at any given time, and in the last six hours it has been spiraling down from the overbought area to the oversold zone.
This suggests that many have started taking profits, which is why the price fell.
However, it also opens up an opportunity, as a price drop allows traders to buy a high-potential asset at a lower price, which could, in turn, increase demand and cause another rally.
With this upcoming opportunity, interested traders should keep an eye on the token’s performance and make sure to react when the time is right.
Promising Alternative to Sun
With the Sun price starting to correct, traders might want to consider moving funds into PlayDoge (PLAY) , one of the most successful presales of the year.
Its developer is now offering a last chance to buy, and there are less than 3 days before the presale closes.
PlayDoge is a meme coin that will soon also work as a P2E project. While it was inspired by Dogecoin, the project will also launch its own game based on Tamagotchi, a popular toy from the late ‘90s that allowed the user to have their own digital pet.
The user was responsible for feeding their pet regularly, playing with it, and training it to maintain its health and satisfaction levels.
PlayDoge will soon launch a game that will let users do the same, only this time with a 2D Doge.
The crypto community has expressed major hype for the upcoming game, partially due to the 90s nostalgia, and partially because the game will reward players with PLAY tokens for interacting with their pet.
To maximize their earnings, players will be able to complete mini-games, or collect XP and reach the top of the leaderboard.
With that said, the project’s ICO will end on Monday, August 26. This means that there is not a lot of time left to join the ICO and buy PLAY at the lowest possible price.
So far, the ICO raised $6.17 million, while the PLAY token sells for $0.00531.
Popular crypto YouTuber Jacob Crypto Bury says PLAY is the best P2E meme coin to buy now and speculates that PlayDoge has 10x potential after launch.
Buy PLAY on the official website here before its presale closes.
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