๐ $SAHARA /USDT Trade Breakdown
Current Price: $0.08412 (8.33% decline)
24h Range: $0.08197 to $0.09267
Volume: 382.61M SAHARA and 33.14M USDT traded in the last 24 hours, showing strong market participation
๐ง Key Observations
Trend
Price is trading below EMA(7), EMA(25), and EMA(99), confirming a strong downtrend
EMA(7) at $0.08421 is slightly above the current price, acting as immediate resistance
EMA(99) at $0.08759 indicates bearish momentum on the larger timeframe
Support and Resistance
Immediate support sits at $0.08197. A break below could send price toward $0.08217 or lower
Resistance levels to watch are $0.08421 (EMA 7), $0.08489 (EMA 25), and $0.08759 (EMA 99)
The 24h high at $0.09267 remains a significant hurdle
Momentum
The 8.33% price drop signals aggressive selling. Expect either a consolidation near $0.08412 or another leg down
๐ Trade Scenarios
Bearish continuation is likely if price breaks below $0.08197, targeting deeper support. Heavy volume could speed up the drop
Bullish reversal is possible only if the price reclaims $0.08421 and $0.08489. A break above EMA(99) at $0.08759 would shift trend sentiment
โ Actionable Insights
Short-term traders can look for short entries if price breaks below $0.08197, with stop-loss above $0.08489
Long-term traders should wait for a solid reversal or a retest of deeper support levels before entering
Keep an eye on volume surges and EMA crossovers to confirm direction
SAHARA/USDT leans bearish with clear downward momentum and heavy resistance overhead
Trade carefully and manage risk tightly in this high-volatility environment
Tip: Use RSI and MACD for stronger confirmation before entering trades