*$SNDK
USDT - Sandisk*
*Current price: 1,780.34 USDT +7.03%*
High during 24h: 1,826.57
Low during 24h: 1,653.68
### *1. The Trend*
- Correction from the high 2,373.96 down to the low 922.94, then a strong rebound to 1,780
- *MA7: 1,565.66* Price is above it
- *MA25: 1,356.78* Price is above it
- *MA99: 1,646.58* Price is above it
Price is above all moving averages. Broke MA99 and returned to test it. The short- to mid-term trend turned bullish
### *2. Momentum*
- *RSI(6): 86.59* Very strong bullish overbought. Above 80
- *OBV: 1.94M* Strong rise from the bottom: liquidity entering the market
- *Volume*: 3.08M SNDK = 5.39B USDT explosive volume
### *3. Most Important Levels*
- *First resistance*: 1,826.57 today’s high
- *Second resistance*: 1,888.06
- *Strong resistance*: 2,127.29
- *Very strong resistance*: 2,373.96 previous high
- *First support*: 1,646.58 at MA99
- *Second support*: 1,565.66 at MA7
- *Strong support*: 1,356.78 at MA25
- *Wave bottom*: 922.94
### *Conclusion*
SNDK had a strong rebound from 922 to 1,780 = +92%
Now it is above MA7, MA25, and MA99 all of them. This is positive
The issue: RSI 86.59 is extremely overbought. Most likely a correction will come
*Bullish scenario*: Break above 1,826 and hold above it; then we test 1,888, then 2,127
*Bearish scenario*: Correction from overbought; we return to test 1,646 MA99, then 1,565 MA7
Most important level right now: 1,646.58. Holding above it preserves the uptrend
Second important level: 1,826.57. Breaking it completes the previous high
Warning: High overbought. If you’re buying, wait for a pullback to 1,646 or 1,565—better than buying at the top
#ChinaJulyOutputRetailInvestmentAllMiss
USDT - Sandisk*
*Current price: 1,780.34 USDT +7.03%*
High during 24h: 1,826.57
Low during 24h: 1,653.68
### *1. The Trend*
- Correction from the high 2,373.96 down to the low 922.94, then a strong rebound to 1,780
- *MA7: 1,565.66* Price is above it
- *MA25: 1,356.78* Price is above it
- *MA99: 1,646.58* Price is above it
Price is above all moving averages. Broke MA99 and returned to test it. The short- to mid-term trend turned bullish
### *2. Momentum*
- *RSI(6): 86.59* Very strong bullish overbought. Above 80
- *OBV: 1.94M* Strong rise from the bottom: liquidity entering the market
- *Volume*: 3.08M SNDK = 5.39B USDT explosive volume
### *3. Most Important Levels*
- *First resistance*: 1,826.57 today’s high
- *Second resistance*: 1,888.06
- *Strong resistance*: 2,127.29
- *Very strong resistance*: 2,373.96 previous high
- *First support*: 1,646.58 at MA99
- *Second support*: 1,565.66 at MA7
- *Strong support*: 1,356.78 at MA25
- *Wave bottom*: 922.94
### *Conclusion*
SNDK had a strong rebound from 922 to 1,780 = +92%
Now it is above MA7, MA25, and MA99 all of them. This is positive
The issue: RSI 86.59 is extremely overbought. Most likely a correction will come
*Bullish scenario*: Break above 1,826 and hold above it; then we test 1,888, then 2,127
*Bearish scenario*: Correction from overbought; we return to test 1,646 MA99, then 1,565 MA7
Most important level right now: 1,646.58. Holding above it preserves the uptrend
Second important level: 1,826.57. Breaking it completes the previous high
Warning: High overbought. If you’re buying, wait for a pullback to 1,646 or 1,565—better than buying at the top
#ChinaJulyOutputRetailInvestmentAllMiss