The To The Sun price plunged 33% in the last 24 hours to trade at $0.0006811 as of 00:50 a.m. EST on trading volume that tumbled 63% to $2.6 million.
The To The Sun price plunged 33% in the last 24 hours to trade at $0.0006811 as of 00:50 a.m. EST on trading volume that tumbled 63% to $2.6 million.
However, the asset is still up more than 100% in the last 30 days, as bulls capitalize on a strong bullish trend that began forming after the token bottomed out at $0.00048 on June 29.
The bulls are now aiming to push the price of To The Sun up to $0.001, which is where the 50-day Simple Moving Average (SMA) is located, and could act as immediate resistance.
Moreover, the bulls are also aiming to push the price up to a key resistance zone that is found between the 200-day SMA and the 23.6% Fibonacci retracement level, which is found around $0.0012.
To The Sun Price Analysis On The 1-Hour Chart
The 1-hour chart for SUNPUMP/USD shows that the price of To The Sun is currently trading within a rising channel pattern, and is also supported by the 50-1 Fib extension level at $0.00060, which has helped the bulls maintain control of the price.
The Relative Strength Index (RSI) on the 1-hour chart also shows that the asset is currently facing some buying pressure from the bulls, as the indicator is seen rebounding from below the neutral zone and climbing towards the 50-midlie level, which is currently at 48.
Furthermore, the Moving Average Convergence Divergence (MACD) on the 1-hour chart also shows that the asset is preparing for a bullish rally, as the indicator is climbing towards the neutral line, and the bullish stance is also supported by the blue MACD line crossing above the orange signal line.
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