Sundog Price Prediction: SUNDOG Plunges 10% As Traders FOMO Buy Base Dawgz Ahead Of Launch In Just Hours
The Sundog price plunged 10% in the last 24 hours to trade at $0.2175 as of 04:16 a.m. EST on a 27% surge in trading volume to $176 million.
Sundog Price Gearing Up Towards A Bullish Trend Reversal
The Sundog price has been on a downtrend in the last two days, according to data from GeckoTerminal . SUNDOG has, in the previous day, traded within a falling channel pattern, as it fell from the $0.2413 resistance zone.
However, the $0.20 support level has allowed the bulls to push the price of Sundog towards the upper boundary of the falling channel.
SUNDOG price has plunged below the 50-day Simple Moving Average (SMA), which shows that the price of Sundog is on a downward trend.
Moreover, the Relative Strength Index (RSI) trades within the neutral zone, which shows that the bulls may push the price towards a trend reversal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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