New Tokens See Mixed Results in Q3 2024: NEIRO, CBBTC, DOGS, HMSTR, and SUNDOG

• Neiro faces strong resistance at $0.073, with $0.060 serving as critical support.
• Coinbase Wrapped BTC struggles to break $62K, with $60.5K as key support.
• DOGS sees increased volume and volatility, with $0.000775 as main resistance.

The third quarter of 2024 brought mixed results for several new tokens. Neiro (NEIRO), Coinbase Wrapped BTC (CBBTC), DOGS (DOGS), Hamster Kombat (HMSTR), and SunDog (SUNDOG) made notable movements in the market, with prices swaying sharply in either direction. But, despite the declines, these tokens have made returns with their initial surges.

Neiro ($NEIRO): Steady Decline After Peak

Neiro , with a market cap of $410M, has experienced a noticeable downtrend. After reaching a peak of $0.07372, the price has dropped by 15.54% over the past day, settling at $0.06247 . The price saw a sharp decline, eventually stabilizing above the $0.062 mark. 

Source: Coinmarketcap

The $0.073 level now acts as strong resistance, marking the peak before the downturn. $0.070 is another resistance level, while $0.065 provides a temporary recovery point.

On the downside, $0.060 is a key support level, as the price has bounced from this zone. A breakdown below this level could push the price down to $0.058 and possibly $0.055, which may act as long-term support levels.

Read also: New Meme Coins on Binance: NEIRO Dumps, TURBO Soars, BABYDOGE Volatile

Coinbase Wrapped BTC ($CBBTC): Resistance Tested Amid Decline

Coinbase Wrapped BTC, valued at $335M, showed resilience despite a 3.35% drop, bringing the price to $61,543.13 . The price peaked at $63.67K before facing a strong decline. This high now acts as a key resistance level. 

Source: Coinmarketcap

Additionally, $62K is a crucial barrier for recovery, as the price tried but failed to regain momentum. Support levels are at $61.5K, where the price bounced recently, and at $60.5K, which could be tested if the bearish trend continues.

DOGS ($DOGS): Short-Term Support Emerges After Sharp Decline

DOGS with  $326M, trading at $0.0006728 , experienced a sharp 13.22% drop over the past 24 hours. The coin peaked at $0.0007753, but strong selling pressure pushed the price downward. 

Source: Coinmarketcap

Resistance at $0.000775 and $0.00070 will be key for any short-term recovery. Support is at $0.000665, while $0.00065 may offer additional support if selling pressure increases. The token saw a 68.96% rise in trading volume, indicating short-term volatility.

Read also: Crypto Price Watch: TON, NOT, XRP, BLUR, DOGS Show Mixed Signals

Hamster Kombat ($HMSTR): Trading Volume Boosts Volatility

Hamster Kombat, valued at $298M, has dropped by 11.27%, with the price sitting at $0.004768 . After reaching a peak of $0.005373, the token has been steadily declining. 

Source: Coinmarketcap

Immediate support is at $0.0046, while $0.0045 may act as the next support level if selling pressure continues. Resistance levels at $0.00537 and $0.0049 will determine any short-term recovery.

SunDog ($SUNDOG): Heavy Decline and Key Support Levels

SunDog, with a market cap of $246M, faced the heaviest losses, dropping by 19.57% to $0.2555 . The token hit a peak of $0.3172 before plunging. Resistance at $0.3172 and $0.28 will be pivotal for a reversal. 

Source: Coinmarketcap

Support is at $0.2555 and the psychological level of $0.25. The current trend is bearish, and traders should watch for further downward pressure.