Current situation
SAGA price has risen sharply after forming a double bottom and breaking the descending trend line. The price is currently facing horizontal resistance, which may affect further movement.
Graph analysis
The chart shows that SAGA has broken the downward trend line with high trading volume, indicating strong bullish momentum. However, the price is now below the horizontal resistance level, creating uncertainty about the further move.
Possible scenarios
If SAGA can break this resistance and consolidate above, it will confirm further growth. Otherwise, a return to the support level below the descending trend line is possible, which may lead to a short-term correction.
Conclusion
The current situation on the SAGA market indicates a possible continuation of growth, provided that the horizontal resistance is overcome. However, if the price fails to stay above this level, there is a possibility of a correction and a return to previous support levels.
