Saga Price Prediction: SAGA Soars 26% Amid Solana Seeker Phone Launch, But Traders Pivot To This ICO With A 1,076% APY
The Saga price surged 26% in the last 24 hours to trade at $2.37 as of 04:18 a.m. EST on trading volume that rose 31% to $252 million.
This comes amid the announcement of the Solana Seeker smartphone, which reflects the growing interest in this crypto-related technology. The Seeker, set to be released in 2025, has already garnered over 140,000 pre-orders, highlighting strong demand.
During a promotional window, Solana priced the Seeker at $450, making it significantly lower than its predecessor, the Solana Saga, which originally launched at $999 and was later discounted to $599.
Saga Price Could Continue Soaring
The Saga price bulls recently took advantage of the rounding bottom pattern to soar past the $1.73 resistance.
SAGA now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the generally bullish outlook. Moreover, the 50-day SMA has crossed above the 200-day SMA, forming a golden cross at $1.39, further affirming the bullish prospects.
The Relative Strength Index (RSI) also trades above the 70-overbought region, currently at 79, indicating that the token is currently under intense selling pressure.
The current bullish prospects are also supported by the Moving Average Convergence Divergence (MACD) climbing above the neutral line. The positive trajectory is also confirmed by the bullish crossover formed by the blue MACD line crossing above the orange signal line.
If the bullish rally continues, the price of Saga could keep soaring, with the bulls targeting $3.5.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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