- The SUNDOG price has surged by 500% in a week which indicates the bullishness.
- The SUNDOG price is struggling to exceed the $0.2700 hurdle.
In the short term, the SUNDOG price has been in a bullish trend and has gained around 500% in a week. For the past few weeks, the price has been rising by taking support on the 20-day EMA.
From its launch date, the SUNDOG crypto price has remained bullish and managed to defend the key moving averages. However, the bullish trend has interrupted near the $0.270 hurdle in the short term.
SUNDOG Price Overview
At press time, the SUNDOG crypto was being traded at $0.249 which has declined by 2.93% in the past 24 hours. It has a market capitalization of $249.15 Million and the 24-hour trading volume is $53.73 Million.
It has a circulating supply of 998,752,562 SUNDOG and the maximum supply is 1,000,000,000 SUNDOG. The Sundog crypto has spread the 99.88% coins of the maximum supply in the open market. The fully diluted market cap was 251.01 Million at the time of writing.
Is the Next Breakout Going to be Wild?
When $SUNDOG breaks out next, it's going to be legendary.
— dubzy (@dubzyxbt) August 25, 2024
Every dip on this token is bought immediately, $1B is a milestone, not an end goal.
Do you understand? pic.twitter.com/1SDUieNVPb
A source on X claims that the SUNDOG crypto price may display sharp bullish momentum after the breakout. In this token, immediate buying has been seen on every dip based on the technical chart. It aims to achieve the $1 B market cap soon but not the final goal.
Is the SUNDOG Price Ready to Shoot Up After the Consolidation?
$SUNDOG consolidation before another bullish leg up
— EliZ (@eliz883) August 23, 2024
we made a 7x this week happy to give you this gift pic.twitter.com/EigPKDgjQ3
Based on a source on X, the SUNDOG price has undergone a consolidation phase in a 2-H time frame. The price is forming a flag and pole pattern in a 2-H time frame. If it triggers a breakout, it may witness strong buying pressure for the long term and may record a new all-time high.
Technical Analysis of SUNDOG Over 4-H Timeframe
In a 4-H time frame, the SUNDOG crypto price has shaped an ascending triangle pattern. The price has attempted thrice to exceed the $0.270 hurdle but sellers are strong enough.
If the digital asset price triggers a breakout from the ascending triangle, buying momentum can be anticipated. Suppose the trading volume increases at the time of the breakout, it may record a new all-time high and plan for big momentum.
Alternatively, if the price forms a bearish candlestick near the $0.2700 territory, profit booking can be seen. Suppose the price slips below the $0.180 mark, selling pressure can be experienced.
In terms of technical indicators, the RSI has triggered a golden crossover with the RSI-based moving averages.
SOUNDOG Price Forecast
The SUNDOG price has experienced a significant surge in price, indicating bullish momentum. While it has struggled to surpass the $0.270 hurdle, its short-term bullish trend and support on the 20-day EMA suggest potential for further growth. Currently trading at $0.249 with a market capitalization of $249.15 million, it is important to watch for potential breakout and consolidation patterns, as these could indicate future price movements. Additionally, technical indicators such as the RSI suggest potential for further momentum.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
