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The SUN price dropped 12% in the last 24 hours despite being up 180% in the last week to trade at $0.03132 as of 00:53 a.m. EST on trading volumes that plunged 33% to $280 million.
The meme coin frenzy has been remarkable in the Tron Network after the launch of Pump.fun’s rival, SunPum, the new meme coin deployer.
Moreover, in the last week, SUN has been on an uptrend after Binance Features announced the launch of the SUNUSDT perpetual contract with up to 75X leverage.
#Binance Futures will launch USDⓈ-Margined $POPCAT and $SUN Perpetual Contracts at
🗓️ August 22 2024, 13:00 and 13:05 (UTC) respectively
Read more ➡️ https://t.co/peffrLlfqi pic.twitter.com/sE20R7XNVe
— Binance Futures (@BinanceFutures) August 22, 2024
SUN Price Aims For A Rebound
Despite the uptrend in the last week, the SUN price has been on a downtrend in the last day, trading within a falling channel pattern as it fell from the $0.041 resistance.
SUN now trades above the 200-day Simple Moving Average (SMA), which acts as the immediate support level, indicating that SUN is currently on an uptrend.
If the uptrend continues, SUN could soon breach the immediate resistance at $0.03544 at the 50-day SMA.
Moreover, the downtrend is supported by the Relative Strength Index (RSI) trading below the neutral zone, currently at 39, which is an indication that SUN is under intense selling pressure.
With the RSI showing that the asset is undervalued, the price of SUN could rebound from the slight correction as the bulls target the previous resistance at $0.041.
However, if the selling continues, SUN could plunge back to the $0.025 (200-day SMA), which acts as a cushion against downward pressure.
Meanwhile, as the SUN price aims for a recovery, investors are rushing to buy the new DOGE derivative, PlayDoge (PLAY), which only has two days left till its launch on DEXs.
END OF THE PRESALE! 🚨
PlayDoge Claim and DEX Listings are launching on Thursday 29th at 10am UTC! 🚀
Import the token address into your wallet now for smooth claiming.
This is the very last chance to buy at list price. ⏳👇 https://t.co/uspqJZur98 pic.twitter.com/0CaCUQ7fzL
— PlayDoge (@PlayDogeGame) August 26, 2024
PlayDoge ICO Zooms Past $6.3 Million – Buy Before DEX Launch And Claim
PlayDoge, a play-to-earn (P2E) meme coin, ended its presale after garnering over $6.3 million in its presale. Investors now have about two days to buy, as the decentralized exchange (DEX) listing will happen on August 29 at 10 p.m. UTC.
Don’t ghost your #Doge or it’ll die 👻
Feed your Doge, earn rewards, and level up. No mazes, just fun!#Presale has launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024
The project stands out as it combines two popular themes: meme coins and gaming, particularly 90s gaming.
PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native token, $PLAY.
With the P2E mechanics employed by the project, players will be able to earn rewards by caring for their pets and taking on adventurous journeys.
In addition to the P2E rewards, token holders can earn passively by staking $PLAY for 71% annual rewards.
According to analysts from the 99Bitcoins crypto channel, PLAY could soar 100X after launch.
You can buy $PLAY tokens for $0.00532 each. With the token now nearing its launch, don’t wait around too long if you want to lock in the best deal.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
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