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The Sundog worth dropped 13% within the final 24 hours to commerce at $0.2323 as of 4.40 a.m. EST on buying and selling quantity that surged 18% to $80.4 million.
On a weekly foundation, nevertheless, the TRON community’s meme coin remains to be up by round 256%, regardless of the latest correction.
SUNDOG’s worth skyrocketed post-launch, finally reaching an ATH at $0.2706 on August 21. This was adopted by a correction that introduced the token to a help at $0.18 late final night time, just for the token to then see a powerful restoration as the brand new bullish wave took maintain of the market.
Whereas the worth is in the course of a restoration proper now, it nonetheless has some option to go to make up for yesterday’s losses.
However the truth that Bitpanda added the token to its itemizing countdown actually helped to deliver the hype again up, and so did the latest launch of the undertaking’s buying and selling bot.
Many within the Sundog neighborhood now imagine that the surge since launch is barely the start and that the numbers might explode in coming days and weeks.
Insane replace
Principally $150k – $200k TWAP each day for $SUNDOG
and that’s simply income & income from day 1 of launch of the buying and selling bot
Over subsequent few days & weeks these numbers might explode https://t.co/6qCPRVGRyg
— Johnny (@CryptoGodJohn) August 21, 2024
Sundog Value Prediction
The SUNDOG worth began seeing a powerful restoration up to now a number of hours, however after it began nearing the resistance at $0.25, the token all of a sudden misplaced its momentum, and its worth began dropping as soon as once more.
Sundog’s Bollinger bands have seen a serious widening due to the surge, and have but to answer a sudden shift in its worth efficiency. To date, the worth was pushing the higher band additional up, however this stopped lately and the worth is now quickly dropping towards the center level between the higher and decrease band.
It stays to be seen whether or not it’ll handle to stabilize between the 2, or if it’ll proceed spiraling down and begin pushing the decrease band additional down.
The undertaking’s Relative Power Index (RSI) chart reveals that the worth rejection occurred across the identical time when the RSI worth entered the overbought zone. In different phrases, the drop probably got here when the merchants took the RSI’s efficiency because the sign that it was time to take revenue.
This additionally means that the SUNDOG rally is pushed not by hype and basic elements, however by technical evaluation of day merchants, which might additionally imply that comparable technical indicators could possibly be used to foretell the token’s short-term efficiency.
For the second, SUNDOG is seeing a pointy drop, however it might probably stabilize as soon as the RSI worth drops to the impartial zone, after which it might probably begin seeing a brand new surge if merchants transfer in to purchase the dip.
Alternatively, the worth might proceed to sink deeper till the RSI hits the oversold space, which might probably deliver the token’s worth all the way down to the earlier help at $0.18.
Promising Options to Sundog
Whereas Sundog is making an attempt to return to its former parabolic trajectory, some might imagine that it’s already too late to get in on this meme coin.
Luckily, there are different alternatives accessible that would match Sundog’s stratospheric rise, and a few analysts say that PlayDoge (PLAY) is certainly one of them.
PLAY is a combination between a meme coin and a GameFi/P2E undertaking. Its presale is about to finish in lower than 4 days, and its developer is providing buyers a final probability to purchase.
Given the recognition of its presale, which has raised over $6.15 million, the PLAY token might skyrocket like Sundog.
The undertaking is predicated on a Tamagotchi-style recreation that may let you may have your personal 2D Doge pet that you may play with, practice, feed, and take part in mini-games, all whereas incomes PLAY tokens for the way effectively you carry out the duties.
Consultants like fashionable YouTuber ClayBro, with greater than 130k subscribers, imagine PLAY would possibly 10x after launch.
Proper now, the PLAY token sells for less than $0.00531, and you should purchase it with ETH, USDT, BNB, or credit score/debit playing cards. Accomplish that earlier than the upcoming finish of its presale.
Go to PLAY official web site.
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