🚨 Calling all early $SAGA backers! 🚨
After closely scrutinizing SAGA's trading patterns for the past 12 hours, it's evident that traditional technical analysis isn't painting the full picture. We're witnessing a surge of panic sellers and shaky hands, resulting in an oversold scenario.
It's disheartening to see many initial investors selling at a loss, particularly those who entered at higher prices during the listing. This flood of sell-offs is outweighing buying interest, driving prices downward.
Adding to the challenge is the apparent lack of visible support from the #Saga team post-mainnet launch and token listing, which is stifling enthusiasm among potential investors.
But here's the silver lining: The chart appears to be stabilizing, hinting at limited further price drops. However, climbing back to $7 will require some effort, with most buyers opting for quick profits at any uptick in price, leading to volatility.
To fuel a significant surge, SAGA must attract more projects and fresh investors to engage in their staking programs.
Despite these hurdles, I maintain a hopeful outlook for SAGA's platform. While it may take time, I'm confident we'll witness a price spike. My immediate target stands at $8 - $9, with a steady range of $10 - $12 achievable based on their whitepaper and use cases.
Stay tuned for updates, and let's keep our sights set on the goal! 🌟
