SNDK worth $1,550 — are you looking to bottom-fish?

First, the surface: down 34%, panic spreading.

From the June 22 historical high of 2,354 all the way smashed down to 1,560—down nearly $800 in a month. Recently, there was also a single-day 12%+ big bearish candle. The candlestick chart tells you: 1,560 is exactly landing on the 4-hour 200EMA. RSI is 43, neutral and not oversold. The correction is at the tail end, and a rebound is on the way.

First thing: the stock price is down 34%, but the company’s performance is up 3x.

In FY2026 Q3, revenue was $5.95 billion, up 251% year over year. Data center revenue jumped 233% quarter over quarter, while gross margin surged to 78.4%.

In historical cycles, storage companies with gross margins above 50% already count as at the top

A 78.4% gross margin—basically a money-printing machine

Forward P/E is only 9-12x, and among growth stocks it’s cheap to an outrageous degree

Second thing: the Tokenized version is live on Solana—this is the real “ace in the hole”.

On June 24, SNDK tokenized shares launched on Solana—1:1 redeemable for real shares, trading 24/7, no need for a US stock account.

Before, if you wanted to buy Nvidia, AMD, or SanDisk, you had to open a US stock account and fill out a bunch of forms.

Now, with a Solana wallet, you can buy—and trade on weekends too. You can also take it to DeFi for liquidity mining.

Third thing: a technical signal has appeared that must be taken seriously.

At the 1,560 level, it’s right in the 4-hour 200EMA support zone. Rising from 2025 lows in the $30s, this moving average has never been effectively broken.

Down 34% in a month, and the pullback volume can expand—this is a classic institutional “washing the book” pattern, not retail panic selling.

But 1,800-2,000 has formed a new resistance zone. If the rebound doesn’t come with volume, it may still need to step on 1,450 again.

Bull vs bear—you decide.

One side says:

Revenue up 251% YoY, gross margin 78.4%, strongest historical earnings

Forward P/E only 9-12x—severely undervalued

Has locked in over 1/3 of 2027 capacity, and the cycle weakness is significantly reduced

Two catalysts: the Aug 5 earnings report + the Aug 13 Investor Day

Tokenized version launching on Solana, opening the door for crypto capital inflows

The other side says:

Down 34% from ATH, short-term trend is bearish

The chip sector is broadly pulling back; worries about supply overhang sparked by Samsung/SK Hynix earnings

1800-2000 is strong resistance, with limited upside room for a rebound

High-beta product (Beta 2.8-3.5)—when the market falls, it falls even more

Key levels

Resistance above: 1,800 → 2,000 → 2,130 → 2,354 (ATH)

Support below: 1,500 → 1,450-1,480 (strong support) → 1,230

For short-term traders:

Wait for a pullback to 1,480-1,520 to build positions in batches; stop loss below 1,400; first target 1,800-2,000.

For swing traders:

Try long with light size near 1,560; add at 1,450-1,480; target 2,300+. An earnings beat on Aug 5 is the best add-on signal.

For long-term believers:

Dollar-cost average in batches below 1,560. AI storage demand is rigid + multi-year protocol capacity lockups + Tokenized opens up liquidity. In 2027, look for 3,000+.

SNDK right now is like Nvidia in 2023—

99% of people think “after a 50,000% gain, how much more can it go up?”—but it went from 400 to 1,400, then doubled again, up 3x. #事件合约上线 #夏日创作营 #特朗普同意Clarity法案纳入伦理条款 $SNDK $SKHY $MU