The daily chart of SATS shows a small positive line with upper and lower shadows, and the trading volume is significantly enlarged, indicating that despite the price drop on the previous day, the bulls' rebound force is still strong.
At present, the daily MA30 moving average is still rising, and the MACD indicator is close to the zero axis above the zero axis, suggesting that the downward momentum has weakened.
The price remains above MA30. As long as Bitcoin remains stable and there is no obvious decline, SATS is expected to see a new daily level rise.
