{"id":596024,"date":"2024-11-08T15:59:52","date_gmt":"2024-11-08T15:59:52","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=596024"},"modified":"2024-11-08T15:59:52","modified_gmt":"2024-11-08T15:59:52","slug":"sundog-price-prediction-sundog-pumps-9-after-going-live-on-trust-wallet-launchpool-as-this-pepe-2-0-unveils-a-pump-fun-competitor","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sundog-price-prediction-sundog-pumps-9-after-going-live-on-trust-wallet-launchpool-as-this-pepe-2-0-unveils-a-pump-fun-competitor","title":{"rendered":"Sundog Price Prediction: SUNDOG Pumps 9% After Going Live On Trust Wallet Launchpool As This PEPE 2.0 Unveils A Pump.Fun Competitor"},"content":{"rendered":"

The Sundog price <\/span>pumped<\/span><\/a> 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 <\/span>meme coin<\/span><\/a>.<\/span><\/p>\n

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.<\/span><\/p>\n

Sundog Price Resting On A Technical Safety Net<\/span><\/h2>\n

\"SUNDOG<\/p>\n

4-hour chart for SUNDOG\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n

The <\/span>Sundog<\/span><\/a> 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.<\/span><\/p>\n

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..<\/span><\/p>\n

Indicators Suggest The Sundog Price Is Losing Its Bullish Momentum<\/span><\/h2>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

While the hype around SUNDOG’s Trust Wallet launch pool partnership seemingly fades, investors are flocking to Layer 2 meme coin rival <\/span>Pepe Unchained (PEPU)<\/span><\/a>, which YouTuber ClayBro told his over 130K subscribers has the potential to 10X. <\/span><\/p>\n