{"id":565836,"date":"2024-08-18T05:06:40","date_gmt":"2024-08-18T05:06:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=565836"},"modified":"2024-08-18T05:05:27","modified_gmt":"2024-08-18T05:05:27","slug":"sundog-price-jumps-11-as-justin-sun-promotes-tron-meme-coins-but-traders-flock-this-doge-2-0-for-its-100x-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sundog-price-jumps-11-as-justin-sun-promotes-tron-meme-coins-but-traders-flock-this-doge-2-0-for-its-100x-potential","title":{"rendered":"Sundog Price Soars 11% As Justin Sun Promotes Tron Meme Coins, But Traders FOMO Buy This P2E DOGE With Time Running Out"},"content":{"rendered":"

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

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

Sundog Price Analysis: Bulls Hold Strong At The Lower Trendline Of A Bearish Pennant<\/h2>\n

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

\"Sundog<\/p>\n

SUNDOG\/USD Analysis Source: Dextools.io<\/p>\n

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

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 break past the 50 midline level to the overbought zone of 70.<\/p>\n

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.<\/p>\n

Sundog Price Prediction<\/h2>\n

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.<\/p>\n

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. If the price breaks below the support level, the bears could push the price further down to the $0.03930 support or lower.<\/p>\n

Final Call: Buy PlayDoge Now Before Its Presale Ends<\/h2>\n

While excitement around a potential bull rally for SUNDOG builds, investors are turning their attention to Playdoge (PLAY),<\/a> which has already raised over $6 million in its presale.<\/p>\n

This is your last chance to get involved before the presale concludes on Monday, Aug. 26, at 10:00 a.m. 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.<\/span><\/p>\n

Analysts and popular YouTuber ClayBro is excited about PlayDoge given its meme coin nature and its inclusion of tokenization. He predicts huge gains after its launch.<\/p>\n