Samsung Wallet is set to launch USDC cross-border transfers, expanding the use cases for stablecoin payments. This provides sentiment support for SNDK, whose narrative centers on cross-border settlement, but short-term investors have yet to buy in, so I expect the rebound to have limited momentum.

The current price is 1644.8, down 1.5% on the day, with trading volume of just 358,000. Over the past four hours, the price has pulled back 12.74% from its high, confirming a clear downtrend. The funding rate of 0.0000% suggests neither bulls nor bears are willing to pay a premium. Open interest is relatively low at 42,000, while the top-10-level bid-to-ask ratio is 0.69, indicating clearly dominant selling pressure. The 1586.3 level is the short-term line in the sand.

If the price pulls back and stabilizes near 1592, consider a small long position, with a stop-loss at 1578 and a target of 1668. If it rebounds to 1672 and meets resistance, reverse to a short position, with a stop-loss at 1685 and a target of 1602. Keep each position below 5% of your capital. Exit immediately if support breaks—don't hold on to a losing position.

— Just my personal opinion, not investment advice. Wishing you successful trading. —

$SNDK# Samsung Wallet will launch cross-border USDC transfers