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Technical analysis by ben_walther about Symbol SUNDOG on 9/17/2024

https://sahmeto.com/message/3536779
ben_walther
ben_walther
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SUNDOG has recently found a local bottom and is now testing the critical resistance at $0.34. The price has been steadily climbing, and all eyes are on whether it can successfully break this level.Here's all you need to know:1️⃣ Ideal SetupFor a solid bullish confirmation, we want to see a clean break above $0.34 followed by a retest, flipping this level from resistance into support. If SUNDOG can hold that, the next target is $0.38, which is the key level to beat before heading into price discovery mode.2️⃣ Support LevelsIf the price fails to break the $0.34 resistance, we might see a pullback to $0.285, the first significant support on the downside. This level has previously acted as a base, and any retracement could see buyers stepping in here.3️⃣ Volume TrendVolume is gradually increasing, showing growing interest in the token’s price action. Ignore the initial massive spike; the steady volume rise is what matters here and supports the idea of a potential breakout.

Translated from: English
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Signal Type: Neutral
Time Frame:
1 day
Price at Publish Time:
$0.30825
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