Daily candlestick chart for the SAGA/USDT perpetual contract on Binance, with the most recent data point on May 23, 2025. Here's a breakdown of the technical picture:
📈 Recent Price Action
Current Price: $0.4047 USDT
Change on the Day: +9.52% (a strong bullish daily move)
Day's Range: Low of $0.3639 to a high of $0.4261
📉 Trend Overview
The overall trend since mid-2024 is clearly downward, with a significant decline from higher levels (well above $1.00).
The token seems to have found a local bottom around mid-April 2025 and is attempting a recovery or reversal, making higher lows in May.
📊 Key Technical Observations
The recent upward movement and break above $0.40 suggest improving momentum.
No clear volume data on the chart, so confirmation of the breakout strength is limited.
It appears to be entering a short-term uptrend, but it’s still within a broader long-term downtrend.
📌 Next Levels to Watch
Resistance: Around $0.43–$0.45 (today's high and recent overhead supply).
Support: Around $0.36–$0.37 (today’s low and previous consolidation area).
A break and hold above $0.45 could target the $0.55 region next.
A drop below $0.36 would weaken the recovery setup.