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<p>The recently launched Tron-based Sundog (SUNDOG) meme coin has garnered massive attention from crypto enthusiasts and is poised for a significant price rally, potentially due to rising interest from whales. On September 14, 2024, the on-chain analytic firm Lookonchain made a post on X (Previously Twitter) that a crypto whale spent $500,000 worth of Tron (TRX) to purchase 1.16 million SUNDOG tokens.</p>  
<h2 class="wp-block-heading" id="h-whale-interest-in-sundog"><strong>Whale Interest in SUNDOG</strong></h2>  
<p>This massive purchase comes after the crypto whale had bought $2 million worth of SUNDOG two days prior, as reported by <a href="https://coinpedia.org/news/big-bet-on-sundog-whale-invests-2-million-price-rally-coming/" rel="noopener noreferrer nofollow">CoinPedia</a>.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/lookonchain/status/1834937568456020350
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</figure>  
<p>Despite the massive purchase, SUNDOG remains stable and has not experienced a price surge similar to the one on September 12, 2024, when it surged more than 25%. At press time, it is trading near $0.34 and has experienced a price decline of over 2.75% in the last 24 hours. During the same period, its trading volume dropped by 11%.</p>  
<p>This drop in trading volume is potentially due to the recent market correction following a mild price surge across the cryptocurrency market.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-sundog-price-prediction-nbsp"><strong>SUNDOG Price Prediction&nbsp;</strong></h2>  
<p>According to expert technical analysis, SUNDOG is experiencing a price correction and might remain bearish for a short period as it has experienced a price surge of over 85% in the past week. Based on SUNDOG’s recent price momentum, if it closes a daily candle below the $0.331 level, there is a strong possibility it could fall by 15% to the $0.288 level in the coming days.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/14222019/SUNDOGUSDT_2024-09-14_22-20-09.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/14222019/SUNDOGUSDT_2024-09-14_22-20-09-1024x448.png" alt="" class="wp-image-350954"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
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</figure>  
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics-nbsp"><strong>Bullish On-chain Metrics&nbsp;</strong></h2>  
<p>Whereas, continuous support from whales and investors may change SUNDOG’s bearish sentiment. According to the on-chain analytic firm <a href="https://www.coinglass.com/currencies/SUNDOG" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>, its future open interest is steadily rising indicating traders and investors are on a buying spree.&nbsp;</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/14222043/jfdnfidjfji.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/14222043/jfdnfidjfji-1024x348.png" alt="" class="wp-image-350955"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>Additionally, SUNDOG’s Long/Short ratio currently stands at 1.029, indicating bullish market sentiment among traders. At present, 50.64% of top SUNDOG traders hold long positions, while 49.36% hold short positions, suggesting that bulls are dominating the asset.</p>

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