The Saga price rose 8% in the last 24 hours to trade at $6.17 as of 04:14 a.m. EST on trading volume that skyrocketed 203% to $1.3 billion.
This comes as the token listed on Binance less than two days ago, triggering a 12,350% explosion, from $0.04. to $4.98.
The project aims to introduce a user-friendly approach to launching ‘Chainlets,’ akin to deploying smart contracts. This will then facilitate the expansion of Web3 infrastructure.
Saga Price Set To Sustain The Bullish Stance Over The Symmetrical Triangle
The Saga price continued to show remarkable growth and reached a new all-time high of $7.60.
SAGA continues to show great potential for a bullish run, with the bulls aiming to drive the price above the symmetrical triangle pattern.
However, SAGA trades below the 50-day Simple Moving Average (SMA), with the price trading on the lower boundary of the triangle as it heads down.
Additionally, the Relative Strength Index (RSI) is trying to rebound from its oversold levels, currently at 42. The rebound indicates that the price is set for a trend reversal over the asymmetrical triangle. If the RSI crosses above the 50-midline level to the 70-overbought level, the price may soar to even higher prices.
Saga Price Prediction
The Saga price analysis shows that SAGA bulls aim to reverse over the upper boundary of the asymmetrical triangle. RSI moving towards overbought may drive the price to a new ATH at $8 as traders add positions.
However, if the price crosses below the lower boundary of the triangle, SAGA could negate any bullish outlook, driving the price through a retrace back to the support zone at $5.46.
As the SAGA price surges, investors can also consider diversifying into 5thScape, the world’s first-ever VR/AR crypto token.
5thScape Secures $4.7 Million – Best ICO To Buy Now
5thScape (5SCAPE) is a project currently in its presale stage that positions itself at the forefront of the exciting, immersive experience provided by AR and VR.
Its presale is currently in the 4th stage and has raised over $4.7 million as it closes in on its $5 million target.
The team aims to create a platform that offers diverse experiences within the metaverse, including virtual games, events, and social spaces. 5thScape is currently working on projects such as MMA Cage Contest, Thrust Hunter, and Archery Master.