Technical analysis based on SAGA chart:

$SAGA

1. Patterns and support/resistance levels:

  • The chart shows a consolidation zone in the range of 2.26 - 2.55 USDT.

  • The downward trend, which has been present since the beginning of May, showed several attempts to break through the resistance line, but without success.

  • The support level is in the area of ​​2.26 USDT, below which there is a risk of further decline.

2. Indicator:

  • Moving averages (MA 7, 25, 99) show a downward movement.

  • The Ichimoku cloud is above the price, indicating a bearish market.

  • The parabolic SAR also shows a downward trend.

On-chain analysis of#SAGAcryptocurrency:

1. Number of active addresses: 📉

  • Decrease in address activity in recent weeks.

2. New addresses: 🆕

  • The number of new addresses is gradually decreasing.

3. Transaction volume: 💸

  • Transaction volume remains low, indicating low interest in the token.

4. Netflow: 📉

  • The outflow of tokens from exchanges exceeds the inflow, which may indicate the desire of holders to sell their tokens.

5. Net flow of large holders (owning at least 0.1% of working capital): 🐋

  • Minor changes in the positions of large holders.

6. Exchange reserve: 💰

  • Reserves of tokens on exchanges remain stable, but the trend is to reduce reserves on exchanges.

7. Taker buy/sell ratio: 📊

  • The predominance of sales over purchases.

8. Liquidity level: 🌊

  • Liquidity remains at an average level, which does not prevent strong price movements.

9. Addresses MAKE a profit (in money), Addresses break even (in money), Addresses MAKE a loss of money (out of money):

  • Profitable addresses: 📈 15%

  • Break-even addresses: 📊 30%

  • Addresses with losses: 📉 55%

10. Inflow and outflow of “smart money”: 🧠

  • Smart money is gradually exiting the token, preferring more stable assets.

11. Network participation indicators: 🌐

  • Activity on the network is decreasing, indicating decreased interest in the project.

12. Number of Staking Nodes: 🔒

  • The number of staking nodes remains stable.

13. Token distribution: 🏦

  • The distribution remains unchanged, large holders do not change their positions.

14. Developer activity: 🛠️

  • Developer activity has noticeably decreased.

15. Social activity and acceptance: 📣

  • Social activity and mentions of the token on social networks have decreased significantly.

💡 Summary: In its current state, the SAGA token is under pressure from bearish sentiment, both on the chart and in on-chain indicators. A further rollback is possible if there are no changes in the fundamental indicators of the project or the appearance of positive news.

#creptousdua