šØ Sahara AI ($SAHARA ) Drops 42% in 24 Hours ā Is the Euphoria Phase Over?
After experiencing an extraordinary surge to a peak of $0.16756, the token $SAHARA is now recording a sharp correction of -42.63%, trading in the range of $0.092 at the time of this writing.
The 24-hour trading volume remains high, exceeding 1.5 billion tokens, indicating that volatility is still very active. However, selling pressure has begun to dominate the market since the last 2 candles on the 4-hour chart.
Technically, the chart shows a breakdown from the minor support zone at $0.104, with MA(7) starting to decline and crossing below MA(25), indicating the potential for further correction if there is no significant buying reaction. The next critical support is forming around the $0.075 area.
Structurally, this pattern closely resembles a market cycle that has experienced an euphoria phase too quickly without a healthy consolidation break. The vertical rally that occurred in the last 2 days was followed by massive profit-taking by short-term speculators.
Currently, there has been no official update from the Sahara AI team regarding the cause of this surge or sharp correction. However, it is clear that technically the market is experiencing distribution pressure after a steep markup phase.
For medium to long-term investors, the current area could serve as an interesting observation point, but the risk remains relatively high if there is no confirmation of reversal or strong news catalysts from the fundamental or partnership side.
Disclaimer : Not Promotion & Not Financial Advice
