$SAGA SAGA/USDT: Layer 1 Token in Freefall – Oversold Bounce or More Pain?
SAGA is getting absolutely demolished today, nosediving **-9.18%** to **$0.3909** with **24.79M USDT** volume. The Layer 1 token just crashed through all key support levels – is this capitulation or a potential reversal spot?
**Why The Carnage?**
- Layer 1 bloodbath (SOL, AVAX also down big)
- "SAGA" now jokingly called "Sell And Get Away"
- RSI(6) at **28.61** – deeply oversold but can go lower
**Critical Levels:**
- **Support:** $0.3679 (24h low) – lose this and $0.35 is next
- **Resistance:** $0.4006 (MA7) – must reclaim for any hope
**Technical Breakdown:**
- MACD deeply negative (**-0.0010**) – bears in full control
- Price below all MAs (7/25/99-day)
- **62M SAGA** traded shows extreme volatility
**Prediction:**
If BTC finds support, SAGA could dead-cat bounce to **$0.4021**. But break **$0.3679** and we're testing **$0.35** fast.
**How To Trade This Mess:**
- **Contrarians:** Tiny buys at $0.37 with stops at $0.365
- **Sane Traders:** Wait for RSI >30 + MACD flip
- **Avoid:** Catching this falling knife until $0.40 breaks
Trade microscopic – this one's moving violently!
