SAGA — Accumulation Breakout with Potential for More
SAGA has been one of the top gainers lately. Therefore, it is definitely worth taking a closer look and checking if the token can go higher.
1️⃣ Strong Accumulation
SAGA has been quietly accumulating since mid-June, with the volume during this period significantly higher than on its earlier drop. This signals substantial accumulation and interest at the lower levels.
2️⃣ Breakout
Now, with a breakout above the critical $2 level, the token has made a decisive move. This could be the start of a more extensive run. The next resistance is at $2.80; a break above that could quickly take us to the $4 range.
3️⃣ Correction Ahead?
However, SAGA's price has nearly doubled over the past few days. A pullback seems likely before any further rise. The token will unlikely climb straight to $4 without some breathing room.
In this case, dips are for buying. Waiting for a correction around $2 could provide a more favorable entry as the token consolidates its recent gains before the next move higher.
Final thought: The breakout is real, but timing your entry will be essential.