Sundog Price Jumps 11% As Justin Sun Promotes Tron Meme Coins, But Traders Flock This DOGE 2.0 For Its 100X Potential

The Sundog price has jumped 11%  in the last  24 hours to trade at $0.05639 as of 6:15 p.m. EST on a 57% surge in trading volume to $35 million

This rise in price comes as Sun.io, a DeFi protocol connected to Tron founder Justin Sun introduces SunPump, a platform enabling users to create meme coins on the Tron blockchain. This new platform aims to compete with Solana’s popular equivalent, pump.fun, where transaction fees recently hit a record high of $5.3 million in just 24 hours.

Sundog Price Analysis: Bulls Hold Strong At The Lower Trendline Of The Bearish Pennant

The price movement of the SUNDOG/USD pair on a 30-minute timeframe is confined within a bullish channel, suggesting an upward trend. According to GeckoTerminal data the price is near this support level at $0.04794 making it a possible buying opportunity if the price rebounds.

The take-profit level is positioned above the current price, indicating that the trade setup anticipates a higher move within the channel.

SUNDOG/USD Analysis Source: Dextools.io

The Simple Moving Averages (SMAs) provide further insights. The price is below the 50-period SMA, an early signal of short-term bearish momentum. Additionally, the price is near the 200-period MA, a critical level often seen as support or resistance. Being below this level generally points to a bearish trend.

Moreover, The Relative Strength Index (RSI) is at 40.55, below the midpoint of 50. This indicates slightly bearish momentum, although it’s not in the oversold territory, suggesting there could still be room for further downward movement. However there is a slight indication that the RSI could rebound and fly past the 50 midline level to the overbought zone of 70.

The MACD adds to the bearish sentiment, with the MACD  average line crossing below the orange signal line. the red histogram bars are also increasing. This combination suggests short-term bearish pressure.

Sundog Price Prediction

The SUNDOG/USD analysis suggests two possible short-term scenarios: a rebound or a bearish reversal. Traders might consider buying near the current support with a tight stop loss or shorting if the price breaks below the support level. Monitoring these levels is crucial as a breakout could signal a trend change. Currently near the lower boundary of a bullish channel, the price may rebound if support holds, potentially rising to $0.11032.

On the flip side, the key indicators show slight bearish momentum with room for further downward movement before a potential rebound. The RSI is below 50 but above 30, and the MACD shows a bearish crossover. furthermore ,if the price breaks below the support level, the bears could push the price further to $0.03930 support or lower.

Final Call: Buy PlayDoge Now Before Presale Ends Soon

With excitement mounting around a potential bull rally for SUNDOG, investors are turning their attention to Playdoge (PLAY) which has already raised over $6 million in its presale.

This is your last chance to get involved before the presale concludes on Monday, August 26, at 10:00 AM UTC. The team has decided to end the fundraising early as they prepare to launch their mobile P2E game ahead of schedule, thanks to faster-than-expected progress in game development.

Analysts and popular YouTuber ClayBro is excited about PlayDoge’s meme coin nature and its inclusion of tokenization. He predicts huge gains after its launch.

The Tamagotchi devices were a huge success, selling tens of millions of units worldwide In the 90s. However, gameplay was limited, often resulting in the digital pets eventually dying and forcing players to restart the game.

The PLAY team plans to modernize the popular Tamagotchi game from the 90s by integrating contemporary blockchain and crypto technology. The updated version will allow players to earn cryptocurrency rewards simply by caring for their virtual pets and ensuring they get enough food, love, and sleep.

After purchasing tokens, investors can lock up their PLAY through the staking page on the project’s website to unlock 76% annual yield high staking rewards.

You can join the project early by purchasing the token using the buy widget on the project’s website with ETH, BNB, USDT, or a bank card for $0.0053.  However, you need to hurry, because the price of PLAY will hike in a little more than a day.

Buy PLAY here to lock in the best deal before presale ends.

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