$SAHARA /USDT – BEARISH CORRECTION AFTER REJECTION FROM RESISTANCE
CURRENT PRICE: $0.08655
24h High: $0.08988
24h Low: $0.08391
Change: -3.33%
Volume: 66.61M SAHARA / $5.77M USDT
KEY TECHNICAL LEVELS
Resistance Levels:
$0.08679–$0.08988 – Rejection zone (24h top, selling pressure visible)
$0.09050 – Strong historical resistance
$0.09400 – Breakout target on reversal
Support Levels:
$0.08500 – Immediate support
$0.08391 – 24h low and key defense for bulls
$0.08100 – Major structural support zone
TECHNICAL INDICATORS
MA/EMA: Price drifting below short-term EMAs → bearish pressure
Bollinger Bands: Widening after squeeze – volatility increased
SAR: Dots now above price → trend flipped bearish
Volume: Steady sell-side pressure
MACD (if active): Likely showing bearish crossover forming
TRADE SETUP – SHORT POSITION (BEARISH BIAS)
Entry: On breakdown below $0.08500 with strong red candle
TP1: $0.08300
TP2: $0.08100
SL: $0.08700 (just above rejection level)
> Conservative traders can wait for a clean retest of $0.0868–0.087 as resistance to short from a higher level.
RISK MANAGEMENT
Limit risk to 1–2% per trade
Watch for volume confirmation before entry
Use tight SL, especially in volatile altcoins
Summary: $SAHARA/USDT has entered a bearish correction, dropping from its 24h high with price now testing the $0.08500 support. If this level breaks, the next targets sit at $0.08300 and $0.08100. Ideal for short setups, but caution is advised due to intraday volatility.
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