#$SNDK Since the beginning of 2025 to now, there has been an extremely volatile market. Starting from the first recorded data in February 2025 at around the $35–$47 range, it went through multiple surges, broke above $500 in January 2026, and reached a stage high of $1,694.98 in May 2026. It then further set a peak of about $2,354 on June 22, 2026. However, after topping in late June, the stock price reversed sharply; as of July 17, it has fallen to $1,360.69—down more than 42% cumulatively from the high, with the selloff accelerating.

SNDK is currently in a clear, accelerating downtrend, and all short- and medium-term technical indicators point to bearishness. A MACD death cross, RSI continuing to decline, price far below multiple short-term moving averages, and increased volume accompanying the drop—these are strong signals to sell positions or avoid buying.

The reason not to buy immediately is: although the price has already fallen significantly and is near the lower Bollinger Band, the RSI has not yet entered the oversold zone (<30). MACD is still accelerating downward, indicating the bottom has not been confirmed. In such a high-volatility environment, catching the bottom carries extreme risk.

The reason not to sell immediately (if you already hold) is: the price has crashed more than 42% from the high, the 200 SMA is still in an upward trend ($781), and the long-term structure has not been fully broken. In addition, an extreme oversold condition could trigger a technical rebound at any time. However, if you hold a heavy position, you should consider reducing exposure on a rebound to around $1,654 (10 EMA) to manage risk.