The Sundog price fell 10% in the last 24 hours as trading volume surged 27% to $176 million.
Current State of Sundog Price
The Sundog price has been in a downtrend for the last two days, trading within a falling channel pattern according to GeckoTerminal data. SUNDOG traded within a falling channel yesterday, dropping from the $0.2413 resistance zone.
Possibility of Trend Reversal
The $0.20 support level allowed bulls to push the Sundog price towards the upper boundary of the falling channel. The SUNDOG price fell below the 50-day Simple Moving Average (SMA), indicating a downward trend. However, the Relative Strength Index (RSI) trading within the neutral zone suggests the possibility of a trend reversal.
Last Chance to Buy Base Dawgz
Base Dawgz, a meme coin on the Base network, is set to launch on a decentralized exchange (DEX) today at 6 p.m. CET. The coin has attracted significant attention from investors for its potential post-launch surge.
A bullish trend reversal could see the Sundog price rise to $0.24. If bears take control, the price could fall to the $0.20 support. Investors are also drawn to Base Dawgz for quick profits ahead of its launch.
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