The daily timeframe shows that a long-term correction cycle has been completed from the 0.030 premium zone, forming consistent lower highs and ongoing selling pressure. The market ultimately surged to 0.014, where the price stabilized and began compressing within a tight accumulation range.


The recent breakout candle marks a clear shift in characteristics. The strength and size of the move indicate that aggressive demand is entering, rather than just passive short-term covering. This creates the possibility for the market to transition from accumulation to early expansion.
However, the entire zone represents previously untested upper supply that was allocated earlier. Acceptance above this zone would confirm a structural recovery and expose a liquidity pocket at 0.030.
Failure at the resistance level would indicate that the broader downtrend remains intact.
The upcoming daily close is very critical. This is no longer a passive consolidation phase; SAHARA is entering a decisive expansion test.
$SAHARA
SAHARA68,18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)