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The Sundog price pumped more than 9% in the last 24 hours to trade at $0.1426 as of 7:17 a.m. EST as investors go long on the dog-themed meme coin.
The Surge in the SUNDOG price comes after the project’s team announced a major community driven launch pool partnership with Trust Wallet. Users will now be able to lock their Trust Wallet Token (TWT) or other tokens in pools to earn tokens from emerging pre-launch projects.
Sundog Price Resting On A Technical Safety Net
4-hour chart for SUNDOG/USD (Source: GeckoTerminal)
The Sundog price briefly broke above the $0.1581 resistance and has since retraced to below this level. As a result, the meme coin now rests on the technical crutch at $0.1379. Dropping below this support could result in the crypto falling to the next key support at $0.1204.
However, the Sundog price maintaining a position above $0.1581 for the next 12 hours could set the meme coin up to continue its climb in the short term. The meme coin might then try to overcome the $0.1581 barrier again, and potentially rise to as high as $0.1769 if buyers keep exerting pressure on the altcoin’s price..
Indicators Suggest The Sundog Price Is Losing Its Bullish Momentum
SUNDOG’s bullish move might be nearing its end as technical indicators on the meme coin’s 4-hour chart start to show bearish warning signs. Firstly, the Sundog price is resting on the 9 Exponential Moving Average (EMA). It has already dropped below this technical indicator twice in the last 8 hours. Therefore, another drop below this EMA could lead to a price plunge.
Additionally, the 9 EMA is leveling off above the longer 20 EMA line as well. While the current orientation of these lines suggests the presence of short-term bullish momentum, the Sundog price resting on the 9 EMA and the neutral slope of the indicator are warnings that a bearish shift in momentum may be in the cards.
SUNDOG’s positive momentum also seems to be waning, as suggested by the Moving Average Convergence Divergence (MACD) indicator. Although the MACD line is currently positioned bullishly above the MACD Signal line, the narrowing gap between the two indicators could be an early sign of an upcoming bearish trend reversal.
While the hype around SUNDOG’s Trust Wallet launch pool partnership seemingly fades, investors are flocking to Layer 2 meme coin rival Pepe Unchained (PEPU), which YouTuber ClayBro told his over 130K subscribers has the potential to 10X.
Pump.Fun Faces Competition From Pepe Unchained’s New Meme Coin Launchpad
Pepe Unchained (PEPU) is a layer-2 meme coin project that aims to bring some much-needed scalability to the popular PEPE brand. Up until now, PEPE has been trapped on the congested and chunky Ethereum mainnet. With its own network, Pepe Unchained will elevate the beloved frog character to a new level.
Once launched, PEPU investors will enjoy an unprecedented transactional experience with speeds 100 times faster than any other project currently in the market. Holders will also be able to send and receive PEPU at ultra low fees.
Earlier this year, the project announced the launch of its developer grant program, which will give approved developers the opportunity to build decentralized applications (dApps) on the lightning-quick network.
We're proud to announce a massive new upgrade to the Pepe Unchained Ecosystem.
Pepe's Pump Pad 🐸
Link to the new page on the website here: https://t.co/jz1v0iRppq pic.twitter.com/mBzC9wDnl9
— Pepe Unchained (@pepe_unchained) November 6, 2024
Recently, the project’s team also announced the launch of an easy-to-use meme coin launchpad, which aims to compete directly with the Solana-based Pump.fun. Pump.fun has generated millions of dollars in fees this year through the tsunami of new tokens that entered the market.
Pepe Unchained could repeat, or even top, this success, adding to the project’s intrinsic value and benefiting its investors.
Pepe Unchained’s Presale Goes Parabolic As An Investor Frenzy Erupts
With its Layer 2 capabilities, meme coin appeal and its newly-launched token launchpad, Pepe Unchained has attracted more than $25.5 million in its presale, one of the biggest of all time. Whales have also been buying into the meme coin at this early stage.
There is still time for investors to position themselves ahead of PEPU’s launch. Selling for $0.01239, PEPU can be bought with either ETH, USDT, BNB or bank card using the simple buy widget on its website.
Once purchased, buyers can put their PEPU tokens to work by staking them for a huge 94% annual yield.
Investors who want to buy the token at the best rate will want to act quickly, however, as PEPU’s price is scheduled to increase in a little more than 1 day.
Purchase and stake PEPU for the 94% APY here before its price increases.
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