【See the rise】
SNDKB is currently quoted at 1,777.6, up 8.99% over the past 24 hours; up 8.93% over 7 days. The intraday range is 1,616.7–1,799.6, with a volatility of 11.3%.
【Market snapshot】
The focus of the most recent few 4-hour K lines has been steadily rising, showing fairly clear signs that the long side is controlling the market.
The support at 1,616.7 has held up after two rounds of testing.
Compared with BTC’s +4.65%, SNDKB’s relative strength is stronger; assets like this are usually rebound leaders.
In the short term, it is leaning bullish.
【Bullish rationale】
A 24-hour gain of 8.99%, together with the 1,616.7–1,799.6 volatility range, means that currently the side positioning to go long is in control.
The 1,799.6 level has been tested repeatedly, and the bulls have no intention to back off for now.
Be mindful that if the broader market turns and pulls back, the high-level positions in SNDKB could loosen at any time.
For a rebound, first look for the intraday high at 1,799.6; after a valid breakout, new room is opened up. If 1,616.7 is lost, then it turns into a wait-and-see stance.
$SNDKB #SNDKB
SNDKB is currently quoted at 1,777.6, up 8.99% over the past 24 hours; up 8.93% over 7 days. The intraday range is 1,616.7–1,799.6, with a volatility of 11.3%.
【Market snapshot】
The focus of the most recent few 4-hour K lines has been steadily rising, showing fairly clear signs that the long side is controlling the market.
The support at 1,616.7 has held up after two rounds of testing.
Compared with BTC’s +4.65%, SNDKB’s relative strength is stronger; assets like this are usually rebound leaders.
In the short term, it is leaning bullish.
【Bullish rationale】
A 24-hour gain of 8.99%, together with the 1,616.7–1,799.6 volatility range, means that currently the side positioning to go long is in control.
The 1,799.6 level has been tested repeatedly, and the bulls have no intention to back off for now.
Be mindful that if the broader market turns and pulls back, the high-level positions in SNDKB could loosen at any time.
For a rebound, first look for the intraday high at 1,799.6; after a valid breakout, new room is opened up. If 1,616.7 is lost, then it turns into a wait-and-see stance.
$SNDKB #SNDKB
