#sagausdt #BullishMomentum #saga #Btc #BinanceSquareFamily

SAGA/USDT price action on Binance, here is a quick analysis based on the data shown:

--General trend:

The downtrend is clear in the short term, with a descending trendline connecting the decreasing highs.

--Key support area:

The strong support area is marked by the horizontal red line in the range of 1.06 - 1.19. The price has tested this area several times and has not broken it, indicating strong buying interest at this level.

--Key resistance point:

The nearby resistance is at 1.25 - 1.37 (the level where the descending trendline intersects with the current price).

--Moving Averages (EMA):

The short-term moving averages (EMA7 and EMA25) are moving below the longer-term average (EMA99), confirming the bearish trend. A breakout of the averages may indicate the beginning of an uptrend.

-Relative Strength Index (RSI):

The RSI value is below 40, indicating that the market is in a near oversold state, and we may witness an upward reversal soon.

-Expected scenario:

If the price breaks the downtrend line and succeeds in closing above 1.25, it may target the levels of 1.47 - 1.75. In case of breaking the support at 1.06, the price may decline to levels