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The Sundog price jumped 77% in the last 24 hours to trade at $0.07939 as of 12:30 a.m. EST on a 21% drop in trading volume to $29 million.
The recent SUNDOG price surge followed the launch of SunPump, a new platform developed after Sun.io partnered with Tron founder Justin Sun.
SunPump is set to compete with pump.fun, the popular platform on Solana, which recently saw transaction fees reach a record $5.3 million in just 24 hours.
Sundog Price Analysis: Bullish Trend Faces Potential Short-Term Pullback Within The Bearish Channel
Over the weekend, the SUNDOG/USD pair touched the lower boundary at $0.04794. The pair is moving within an established bullish channel, as seen on the 30-minute candlestick chart.
The price, now around 0.07757, remains above the 50-period simple moving average (SMA), reflecting ongoing bullish momentum.
Additionally, the 200-period SMA remains below the current price, reinforcing this positive trend.
SUNDOG/USD Analysis Source: Dextools.io
The Relative Strength Index (RSI) stands at 45.76, suggesting that the market is in a neutral zone—neither overbought nor oversold.
This neutral position allows for potential movement in either direction, though with the RSI closer to the oversold territory, there might be room for a rebound if the price finds support, pushing it back to the 70 overbought regions.
However, the Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover, where the MACD line has dipped below the signal line.
This development hints at a possible short-term pullback or consolidation phase, even as the trend continues to lean bullish.
Sundog Price Likely To Continue Upward
The price will likely keep climbing within the bullish channel, given the current market conditions. The next major resistance is near the upper edge of the channel, around 0.10.
If the price breaks above this with strong trading volume, it could open the door to further gains, potentially reaching the 0.1213 target indicated by the “Take Profit” level on the chart.
However, traders should stay cautious due to recent bearish signals from the MACD. It’s essential to keep an eye on the channel’s lower boundary, which acts as a key support level.
If the price drops below this support, the bullish trend could be reversed to the $0.04662 support level, prompting a reevaluation of market conditions.
Base Dawgz Presale Heads For $3 Million – Next Meme Coin To Explode?
As Sundog price bulls gear up for a rally over the bullish channel, more investors are flocking to buy new Base meme token Base Dawg (DAWGZ), which has blasted past $2.95 million in early presale funding.
After passing $2.9M raised, we're steadily on our way to 3M 🚀 pic.twitter.com/JbZUMgF8yd
— Base Dawgz (@BaseDawgz) August 13, 2024
While it primarily operates on the Base blockchain, Base Dawgz offers a unique multi-chain experience with seamless interoperability across Ethereum, Solana, Binance Smart Chain, and AVAX.
Despite the playful nature of meme coins, Base Dawgz is aiming high—figuratively reaching for the moon rather than just the ground.
GM to those who seek thrills above all else!$DAWGZ pic.twitter.com/q1bzPVJok3
— Base Dawgz (@BaseDawgz) July 21, 2024
To facilitate easy transactions across different blockchains, Base Dawgz utilizes cutting-edge Web3 technologies such as Wormhole and Portal Bridge, enabling users to interact effortlessly across various blockchain ecosystems with unparalleled multi-chain functionality.
The project also offers staking rewards, with 20% of the token supply reserved for staking purposes. If you stake your tokens, you can earn an 828% annual yield.
Additionally, Base Dawgz is launching a “Be Social for Airdrop” campaign, where users can earn points by engaging on social media platforms like X, which can later be redeemed for $DAWGZ tokens.
ClayBro, a crypto analyst on YouTube with over 45K subscribers, has highlighted $DAWGZ’s potential, suggesting it could surge 36X upon its launch.
If you want to join the presale, DAWGZ tokens are available for $0.007784.
Act quickly, though, as the price will increase in less than 23 hours. You can purchase DAWGZ tokens here using ETH, USDT, BUSD, or USDC.
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