let's see what saga next move. .. it will go up or more down . .
Support and Resistance Levels:
Current price: $2.3729.
There is support around $2.1584 and $2.3259.
Resistance at $2.6093, with a significant previous high at $2.9986.
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Trend: The price appears to be in a downward trend after failing to break above resistance at $2.9986, followed by lower highs and a recent drop.
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RSI Indicator: The RSI value is 43.4210, indicating that the market is not in oversold or overbought territory. It's approaching the oversold region (below 30), which might suggest the potential for a reversal, but it's not definitive yet.
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Potential Next Move:
Bearish Scenario: If the price continues to drop, the next support level to watch would be around $2.1584. If that breaks, a further decline could be expected.
Bullish Scenario: If buyers step in near current support, the price might attempt to break through the resistance around $2.6093. A move above that level would shift the momentum back to the upside.
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In summary, the price could test the $2.3259 support level soon. Watch for signs of consolidation or a bounce near that level before making any moves.
Based on the chart, it looks more likely that SAGA/USDT could move down in the short term for the following reasons:
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Downtrend Structure: The price has recently failed to break above resistance and is forming lower highs.
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Momentum: The price is currently below key resistance ($2.6093), and the RSI is not yet showing strong oversold conditions, which means there might still be room for further downside.
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Price Action: The price is hovering near a support level at $2.3259. If this support breaks, a further drop toward $2.1584 is likely.
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However, if there is a strong bounce from the current support, it could reverse. But for now, the indicators suggest more downside risk.$SAGA $BTC $NEIRO