SanDisk has been quietly climbing in the TradFi section of Binance Square lately. $SNDK is currently at 1600.38, up just 1.12% in 24 hours, but its trading volume is 93.9M—a sizable amount for the storage sector. The low was 1582.41 and the high was 1608.1, with an intraday range of less than 2%—a classic low-volume sideways market.
I’m personally leaning bullish. The 1580 level has been tested repeatedly lately without breaking, so it looks like short-term support. As long as it doesn’t decisively break below that level, any pullback is an opportunity to get in. I see resistance at 1610: today’s high of 1608.1 was pushed back, suggesting some people are selling here. If it breaks above 1610 and holds, the next leg up could open up.
For my trading plan, I’m thinking of entering in batches in the 1585–1595 range, with a stop-loss below 1570. If it breaks that level, I’ll admit I’m wrong. The first target is 1610; if it breaks through, I’ll look around 1650 next.
The storage sector is closely tied to the AI narrative. Once traditional storage assets like $SNDK are tokenized, 24/7 trading adds another layer of liquidity premium… Anyway, that’s how I see it. Maybe I’m just overthinking it again.
#Semiconductors
I’m personally leaning bullish. The 1580 level has been tested repeatedly lately without breaking, so it looks like short-term support. As long as it doesn’t decisively break below that level, any pullback is an opportunity to get in. I see resistance at 1610: today’s high of 1608.1 was pushed back, suggesting some people are selling here. If it breaks above 1610 and holds, the next leg up could open up.
For my trading plan, I’m thinking of entering in batches in the 1585–1595 range, with a stop-loss below 1570. If it breaks that level, I’ll admit I’m wrong. The first target is 1610; if it breaks through, I’ll look around 1650 next.
The storage sector is closely tied to the AI narrative. Once traditional storage assets like $SNDK are tokenized, 24/7 trading adds another layer of liquidity premium… Anyway, that’s how I see it. Maybe I’m just overthinking it again.
#Semiconductors