TRX Perfect Bat Harmonic, Complex Correction, Double BottomTRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar.
All of these signs are pointing to a bottom forming right now, meaning the lows should not be violated and TRX will go to all time highs from here. If we do make new lows it is probably a good idea to stop and reverse, and look for a new potential bottom. For now, all signs are pointing up, especially the longer-term count which has us beginning a supercycle this quarter.
Sundog
SUNDOGUSDT - Eyeing a 220% Potential GainSUNDOG/USDT is showing promising signs of a bullish breakout on the hourly chart. After a prolonged consolidation near key levels of support, the price is now testing critical resistance zones, indicating the potential for a strong upward move.
Why This Trade?
Support and Resistance: The price has consistently respected the support zones, forming a solid base for a potential breakout.
Volume Uptick: An increase in volume suggests growing interest in the asset, which could propel it higher if momentum continues to build.
Strong Upside Potential: With a target of +220%, this setup offers an attractive risk-to-reward ratio for patient traders.
The key to success here is timing and discipline. We’re not chasing the move but aligning with the market’s rhythm to capture the next major wave. Watch closely for confirmation of the breakout as SUNDOG prepares for its next leg up. 🚀
Is $SUNDOG the Next Big Thing? Price, Volume & Market PotentialIntroduction
In the rapidly evolving cryptocurrency space, each blockchain seems to have its own iconic tokens that capture the attention of both investors and enthusiasts alike. For the Tron blockchain, this token is Sundog ($SUNDOG) – a project that has gained traction as the “biggest dog meme” on Tron, bringing “sunshine, fun, and love” to the network. With an impressive rise in trading volume, price increases, and potential for further gains, $SUNDOG presents an intriguing opportunity for investors, especially given its technical and fundamental performance. Here’s an in-depth look at what makes $SUNDOG stand out in the crypto space.
Market Activity and Volume
Sundog ($SUNDOG) has shown robust market activity, with a recent 24-hour trading volume of $143,973,605, marking a 25.4% increase. This rise suggests growing interest in the token, especially on popular exchanges like Bybit, where the SUNDOG/USDT pair holds a trading volume of $65,349,913. Other major platforms like Gate.io and Bitget also support $SUNDOG trading, expanding its accessibility for a wider audience. This upward trend in trading volume reflects increasing liquidity and market interest, which can be a positive indicator for price stability and future growth.
Market Capitalization and Ranking
With a current market cap of $181,451,843, $SUNDOG ranks #353 on CoinGecko, signaling solid adoption. The token's supply consists of 1 billion tradable tokens, giving it a considerable presence on the market. The fully diluted valuation (FDV) also stands at $181,451,843, assuming the entire supply of 1 billion tokens is circulating. This market cap positions $SUNDOG well within the mid-tier market segment, giving it both stability and room for growth as it gains further traction.
Historical Price Performance
Analyzing $SUNDOG’s price history provides further insights into its potential. The token hit an all-time high of $0.3775 on September 27, 2024, and is currently trading 52.6% lower than this peak, presenting a potential opportunity for investors to buy in at a discounted price. Its all-time low, recorded on August 16, 2024, was $0.03989, making its current price 348.53% higher. This performance showcases resilience and potential long-term growth, especially as it continues to attract a dedicated community on Tron.
Comparative Performance
When comparing $SUNDOG’s recent price movements against other cryptocurrencies, it’s clear that the token has momentum. In the last seven days alone, $SUNDOG has increased by 71.1%, outperforming the global cryptocurrency market average of 29.4%. However, it falls slightly short compared to the broader meme coin segment, which has surged 106.9% in the same timeframe. Nevertheless, this steady upward trend aligns with the overall meme coin resurgence and indicates strong community support and market interest.
Technical Analysis
$SUNDOG is currently trading within a rising trend channel, a pattern often associated with continued upward momentum. It’s up 1.59% at the time of writing, and its position relative to moving averages highlights its technical strength. The token is trading above its 50- and 100-day moving averages, indicating bullish sentiment in the mid-term. However, it remains slightly below the 200-day moving average, suggesting that a breakout above this level could signal the next phase of bullish movement.
Relative Strength Index (RSI)
The RSI for $SUNDOG is 60, which, while not overbought, indicates strong momentum. An RSI above 50 suggests that buyers currently dominate the market, while an RSI near 70 would indicate overbought conditions. At this level, $SUNDOG shows potential for further gains without being in an overextended zone.
Governance and Utility on Sunpump Launchpad
Beyond its meme status, $SUNDOG serves as the governance token for Sunpump.fun, a launchpad platform on the Tron network. This use case enhances $SUNDOG’s utility, as holders participate in decision-making and vote on project proposals, making the token an integral part of the ecosystem. This governance feature also aligns with broader DeFi principles, giving users more influence and fostering a robust community that can drive $SUNDOG’s future growth.
Conclusion
With a strong foundation, active trading, and bullish technical indicators, $SUNDOG appears poised for potential growth. Its status as a governance token on the Sunpump.fun launchpad strengthens its appeal, adding utility beyond typical meme coin speculation. As it continues to gain traction on Tron and maintain its popularity across top exchanges, $SUNDOG presents an attractive opportunity for investors.
In summary, $SUNDOG is a unique asset in the meme coin world, combining community appeal with technical promise. With its rising trend, supportive fundamentals, and dedicated community on Tron, $SUNDOG is well-positioned to shine as a standout meme token.
#SUNDOG has raised the bar of expectations.A 14x gain in a month is outstanding, but are we done with the gains, or is there more to come?
Let’s find out.
Recently, SUNDOG broke above the resistance trendline and successfully retested it. Now, it needs to hold the support (previously resistance) and bounce back to continue its bullish rally.
If this analysis plays out, we can expect SUNDOG to make a new all-time high and rally up to $0.50 soon.
- Entry: $0.323 to CMP.
- Stop loss: $0.305.
- Leverage: 5x-10x.
- Targets: $0.385, $0.4247, $0.4674, $0.526, $0.5622.
Note: Accumulate the dip and trade with proper SL. Do not FOMO and always do your own analysis before investing.
Regards,
Team Dexter.
Minimum Target for TRX of 22 cents in September (Elliott Wave)TRX has formed into a running c-failure flat corrective pattern, with wave-c forming a very large 5th wave extension terminal impulse. Glenn Neely told me last week when working on this count that terminal impulse patterns often go on for longer and further than most people expect, and this occurred here because wave-c was much longer and larger than what would have otherwise been expected, such as the max time target of a+b, and the max price target of c=a both being exceeded (red boxes).
We're also seeing a strong bounce now which is a probable sign of a bottom right as wave-5 is equal to wave-1+3 in price and wave-1+2+3+4 in time. All these signs are very very good that we are about to continue the larger break out that I have been talking about for several months!
The minimum target of 22 cents comes from the strength exhibited by the c-failure flat pattern which implies we should see a move that is at least 161.8% of wave-1 (assuming it is wave-1 and not something else). It's also possible wave-1 and 2 are mislabeled and actually an even larger pattern is ending at wave-2. This would mean that we see a move which far exceeds 22 cents in September!
This all coincides very well with the memecoin strategy being employed now by Justin Sun which will bring tons of marketing attention on TRON as traders continue to get rich from memecoins like they did with SUNDOG and SUNCAT.
I've also launched my own memecoin on Sunpump called FEELS which I believe could be very successful in the future, and is backed by a diversified reserve of tron-based crypto assets and memecoins.