(CNN) — Early results from the New Hampshire primary suggest a close race in Granite State with Bernie Sanders leading, Pete Buttigieg and Amy Klobuchar vying for second place, according to early results.

New Hampshire was also the end of the road for businessman Andrew Yang, who will announce he is suspending his upstart candidacy after disappointing results in Iowa last week and an anticipated weak showing on Tuesday. Colorado Sen. Michael Bennet also dropped out of the race after results began coming in.

RELATED: Follow along with New Hampshire primary results

Sanders, a Vermont senator, has long been expected to do well in New Hampshire, given that he hails from a neighboring state and defeated Hillary Clinton in the state’s 2016 primary by more than 20 points.

But rather than merely echoing the results in Iowa, the famously mercurial voters of New Hampshire may once again deliver a surprise by catapulting Klobuchar into the top tier. After her strong performance in Friday night’s debate where she conveyed empathy to struggling Americans — “I know you,” she said in her closing statement, “I will fight for you” — there have been many signs pointing to a late surge by the Minnesota senator who has premised her campaign on the notion that she can win in the battleground states of the Midwest.

Both Klobuchar and the former South Bend, Indiana, mayor may also be helped by the large number of independent voters in the state — who are permitted to vote in either party’s primary.

Polling and early results indicate that New Hampshire may become another stumbling block for former Vice President Joe Biden, who has drawn small crowds in recent days and made the telling decision to abruptly abandon his election night party in favor of heading to South Carolina, a state where he hopes his strong support among African American voters can buoy his quest for the Democratic nomination.

With 42% of the votes tallied, Sanders leads with 27.7%. Buttigieg was in second with 23.5%% and Klobuchar in third with 19.7%. It was a steep drop off to fourth-place for Warren, who had 9.5%, and Biden in fifth with 8.6%. Warren and Biden will not win any delegates in Tuesday’s race, according to a CNN Decision Desk analysis.

CNN is projecting President Donald Trump will easily win the state’s Republican primary, as expected.

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Also, according to CNN’s tracking poll, many voters were still undecided in recent days — only about half of likely primary voters said they had made a final decision on their candidate. CNN’s tracking poll was conducted by the University of New Hampshire Survey Center.

Warren, who finished third in Iowa, had been expected to do well in New Hampshire given that she represents a neighboring state. But, in a memo shared with her supporters, her campaign manager Roger Lau signaled that her campaign was also looking beyond the New Hampshire results for a comeback.

In a fundraising email, he emphasized that the campaign has plans “to organize in all 57 states and territories” and highlighted that “there is no candidate that has yet shown the ability to consolidate support.”

“As we’ve seen in the last week, debates and unexpected results have an outsize impact on the race, and will likely keep it volatile and unpredictable through Super Tuesday,” Lau wrote in the memo.

Biden, who finished fourth in Iowa, dismissed predictions of his demise during a visit to a polling location in New Hampshire on Tuesday morning. He explained his leap ahead to South Carolina by saying there are still “significant portions of the electorate who haven’t voted yet,” a reference to the more diverse contests that will occur over the next month including Nevada, California and North Carolina.

“We’re still mildly hopeful here in New Hampshire,” Biden said. “And we’ll see what happens.”

But the first hints of potential New Hampshire upset came shortly after midnight on Tuesday when voters from three tiny towns in northern New Hampshire cast their ballots.

Though the three towns — Dixville Notch, Hart’s Location and Millsfield — comprise a tiny portion of the votes, Klobuchar led the field with eight votes. Former New York Mayor Michael Bloomberg — who isn’t even on the New Hampshire ballot because he’s competing in later primary states — received two write-in votes on the Democratic side.

With her moderate credentials and proven ability to win in the Midwest, Klobuchar could potentially benefit from high turnout among independent, or so-called undeclared voters in New Hampshire. Their participation could also boost Buttigieg, who campaigns on the premise that he can appeal to what he calls “future former Republicans across the country.”

Independent voters in New Hampshire are allowed to select a ballot from either party on Election Day, though a voter who is registered with one party may only vote in that party’s primary. The state’s eligible residents are also permitted to register and vote for the first time on Election Day in the party of their choice.

According to the early exit polls, independents were on track to make up a strong share of the electorate. Fifty-three percent of voters identified themselves as Democrats while independents comprised 43% of the electorate.

Nearly a third of voters said they made up their minds in the past few days. And six in 10 Democratic voters said they prioritized a nominee who could beat President Donald Trump over a candidate who agrees with them on the issues.

A traditional proving ground

There are 24 Democratic delegates are at stake in Tuesday’s contest. But despite its first-in-the-nation primary status, New Hampshire has not has not always been predictive of the presidential nominee.

Former Presidents George W. Bush and Barack Obama, along with 2016 Democratic presidential nominee Hillary Clinton, lost New Hampshire but went on to win the nomination.

On the flip side, the state has given new life to struggling candidates. Though Bill Clinton lost New Hampshire in 1992 to then-Massachusetts Sen. Paul Tsongas, his surprise second-place finish allowed him to claim the mantle of the “Comeback Kid.”

Hillary Clinton was in deep trouble after Obama’s surprise victory in Iowa in 2008, where she came in third. But after making a big push in New Hampshire, she beat Obama with a three-point-margin, breathing new life into her campaign.

In the 2016 primary, Sanders ran strong along the Vermont-New Hampshire border, but he has tried to expand his sphere of support this cycle, particularly targeting new voters, working class voters and voters of color.

For many months, Sanders and Warren have been vying for younger voters in the towns in and around Durham, the home of the University of New Hampshire, near the state’s Seacoast.

One key test for Warren is how she fares in the southern portion of New Hampshire, which is the most populous area of the state and a region that is now home to many former Massachusetts residents. An inability to show strength next to her home state could create even more headaches for her already flagging campaign.

That southern band of the state is an area that is rich in independent votes, with some Massachusetts transplants moving across the border seeking lower taxes in New Hampshire.

Some of those fiscally conservative voters may be quicker to embrace the more pragmatic messages of Buttigieg or Klobuchar, if they are skittish about the price tag of the “Medicare for All” option, for example.

Overall exit polls showed that 6 in 10 Democratic primary voters said they would support a government plan like Medicare for All, while 4 in 10 opposed it.

Early exit polls, however, reflect the ideological flexibility of Democratic voters this year at a time when many of them are most focused on beating Trump. Six in 10 Democratic primary voters said they were more focused on finding a candidate who could beat Trump, than finding one who agreed with them on the issues.

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