- SUNDOG’s breakout saw a 58.21% surge, with trading volume up 229.07%
- Key support at $0.03626 and resistance at $0.065 define SUNDOG’s price action
- Technical indicators signal bullish momentum, with RSI at 61.69 and MACD crossover
SUNDOG has really caught the market’s eye with a huge price jump. The token spiked 58.21% in the past 24 hours, reaching $0.05737. This sharp rise in price comes with a massive 229.07% jump in trading volume, showing serious investor interest.
The token even touched above $0.065 recently before pulling back a bit. With the TRX ecosystem looking good, SUNDOG’s run could keep going if it holds key price levels.
Investor Confidence Grows as SUNDOG Market Cap Rises
SUNDOG’s market cap is up along with the price, which means investors are feeling more confident.
High demand and more trading activity show traders are watching this token closely. Still, market trends suggest the price could drop back if buyers lose steam.
Related: Analyst: Tron’s TRX & SUNDOG Set for Bull Run
Key Support & Resistance Levels for SUNDOG Traders
SUNDOG’s price structure shows critical support and resistance levels that traders should monitor. The token’s recent surge has pushed it past multiple resistance barriers, with potential targets ahead.
Source: CoinMarketCap
The nearest support level is at $0.03626. This was the base before the latest price rally. It’s still important if the price corrects downward.
Also, $0.050 is another key level psychologically that could act as short-term support if the price drops a bit. A more immediate support zone is around $0.055, which has been solid during recent periods of price stability.
Related: SUNDOG’s Football Ad Campaign Targets 20M Fans, Raises Sustainability Questions
Next Resistance Targets: $0.065 and Beyond?
On the upside, resistance at $0.060 has already tested sellers’ strength. If SUNDOG maintains its momentum, the next key resistance stands at $0.065, which was the peak of the recent rally.
If it breaks through that, the token might target $0.070, where more selling pressure could appear.
Technical Indicators Signal Bullish Trend for SUNDOG
SUNDOG/USD daily price chart, Source: TradingView
Technical indicators suggest that SUNDOG is currently in a bullish phase. The Relative Strength Index (RSI) sits at 63.29, above the neutral 50 level, reflecting growing momentum.
Previously, the RSI climbed from oversold conditions, indicating strong buying interest. If the RSI surpasses 70, SUNDOG could enter overbought territory, leading to a potential correction.
Moreover, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line moving above the signal line. This shift, coupled with a positive histogram, supports the argument for continued upward movement. If the MACD trend sustains, it could validate an extended rally.
SUNDOG Price Could Jump 110%: February 2025 Forecast
Coincodex market projections indicate that SUNDOG could see a substantial increase in February 2025. Analysts predict a potential 110.41% gain, pushing the average price to approximately $0.121176.
Price swings are expected, with estimates ranging from $0.064068 to $0.218966. If this happens, the token could return up to 280.20% compared to current prices.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
