$SNDK USDT has been an interesting chart to watch today. The price is currently around 1,649.46 USDT, up roughly 1.36% over the last 24 hours, but the short-term chart is showing some signs of hesitation.
On the 15-minute timeframe, $SNDK recently pushed toward the 1,654–1,655 area, but buyers were unable to maintain that momentum. After several candles near the highs, sellers started stepping in and the price pulled back toward the 1,649 area.
One thing that stands out is the moving averages. The MA(7) is around 1,651.62, while the MA(25) is around 1,652.24. With the current price below both of these short-term averages, buyers need to regain the 1,651–1,653 zone before the chart starts looking stronger again.
At the same time, the longer-term MA(99) is near 1,648.10, which is quite close to the current price. This makes the 1,647–1,648 region an important area to watch. If buyers defend this zone, we could see another attempt toward 1,652 and potentially the recent high around 1,654–1,655.
But if the price breaks clearly below this support area with strong selling volume, the short-term structure could become weaker.
What I’m watching
For me, the important levels are simple:
Resistance: 1,652–1,655
Immediate support: 1,648
Next support area: around 1,644–1,645
The recent selling candles also came with noticeable volume, so I would not ignore the sellers here. At the same time, one short-term pullback does not automatically mean the whole trend has turned bearish.
$SNDK is at an interesting point right now. The next few candles and volume could tell us whether this is simply a normal correction or the beginning of a deeper pullback.
My view: Don't chase the move just because the 24-hour number is green. Let the price show its direction first. A reclaim of the short-term moving averages would improve the bullish setup, while losing the 1,648 area could bring more pressure.
As always, this is market analysis, not financial advice. Manage your risk and never trade with money you cannot afford to lose.
