MY SHORT TERM TAKE ON SAGA/USDT PRICING
2024-10-18
Category: gaming


- Bias: Bullish
- Current Price Action:
  - Saga has established a strong support at $0.8675, which has provided a solid foundation for its recent price movement.
  - After breaking through a significant resistance level at $1.8603, Saga has returned to consolidate around this price, indicating the potential for further upward momentum.
  
- Market Structure:
  - The consolidation at the previous resistance, now acting as support, is a healthy sign that the market is preparing for another move higher.
  - This behavior, along with the confirmed breakout, shows strength in Saga's price action, potentially attracting more buyers.

- Catalysts:
  - The ongoing Saga airdrop campaign is expected to increase demand for the token, which could act as a bullish catalyst, driving prices higher.

- Price Target:
  - Based on the current market structure and bullish outlook, I anticipate Saga’s price to trend upwards towards the $4.8957 level, representing a potential significant gain if momentum continues.

This setup presents a favorable risk-to-reward opportunity for those who align with the bullish bias, particularly if Saga maintains its support at $1.8603 and benefits from its airdrop campaign.
good luch guys and always remenber to RISK WHAT YOU CAN AFFORD TO LOSE