SUNDOG has been making waves in the market with a remarkable surge in price. In the last 24 hours, the token saw an impressive 58.21% increase, reaching $0.05737. This substantial price jump was accompanied by a significant 229.07% rise in trading volume, indicating a strong interest from investors.
The token briefly exceeded $0.065 before experiencing a slight pullback. With the TRX ecosystem showing positive signs, SUNDOG’s upward momentum could continue as long as it maintains crucial price levels.
Investor confidence in SUNDOG is on the rise as its market cap grows alongside its price. The surge in demand and trading activity suggests that traders are closely monitoring this token. However, market trends suggest that the price could retract if buying momentum wanes.
SUNDOG’s price action reveals key support and resistance levels that traders should keep an eye on. The closest support level is at $0.03626, which served as a base before the recent rally. Additionally, $0.050 and $0.055 are important support zones that could come into play if the price corrects downward.
On the upside, resistance at $0.060 has already been tested, with the next significant barrier at $0.065, the recent peak. If SUNDOG breaks through this level, it could target $0.070, where more selling pressure may be encountered.
Technical indicators point towards a bullish trend for SUNDOG. The Relative Strength Index (RSI) is currently at 63.29, indicating growing momentum. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, supporting the case for further upward movement.
According to Coincodex market projections, SUNDOG could experience a substantial 110.41% increase in February 2025, with the average price reaching around $0.121176. Price fluctuations are expected, with estimates ranging from $0.064068 to $0.218966.
It is important to note that the information presented in this article is for informational purposes only and should not be construed as financial advice. Readers are advised to exercise caution and conduct their own research before making any investment decisions related to SUNDOG.