2024

Shift

Saga

April

The Saga price plunged 9% in the last 24 hours <a href="https://coinmarketcap.com/currencies/saga/" rel="noopener noreferrer nofollow">to trade at $5.71</a> as of 00:21 a.m. EST on trading volume that dropped 78% to $383 million.
This comes just two days after the Saga Mainnet went live and over 70 Chainlets launched on day one. Chainlets are a way for the ecosystem to provide applications with infinite horizontal scalability.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Day One of Saga Mainnet. All gas, no brakes. 🔥 <a href="https://t.co/TRLUGcYapm" rel="noopener noreferrer nofollow">pic.twitter.com/TRLUGcYapm</a>
 — Saga ⛋ (@Sagaxyz__) <a href="https://twitter.com/Sagaxyz__/status/1778137964381430263?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 10, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="span-style-font-weight-400-saga-price-set-for-a-trend-reversal-over-the-falling-wedge-span">Saga Price Set For A Trend Reversal Over The Falling Wedge</h2>
Shortly after its launch, the Saga price soared due to significant listings on major exchanges like Binance. This saw SAGA peak an exponential surge to an all-time high of $7.60 on April 9.
<figure id="attachment_504587" aria-describedby="caption-attachment-504587" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-504587" src="https://insidebitcoins.com/wp-content/uploads/2024/04/SAGAUSDT_2024-04-10_21-57-17.png" alt="Saga Price Chart Analysis Source: Tradingview.com" width="1281" height="547" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/SAGAUSDT_2024-04-10_21-57-17.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/04/SAGAUSDT_2024-04-10_21-57-17-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/SAGAUSDT_2024-04-10_21-57-17-1024x437.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/SAGAUSDT_2024-04-10_21-57-17-768x328.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-504587" class="wp-caption-text">
 SAGAUSD Chart Analysis Source: Tradingview.com
 </figcaption>
</figure>
However, the bulls could not sustain the bullish stance, after which the price went through a retrace back to the support at around $6.04 and then back again to the resistance at $6.8. These price movements formed a symmetrical triangle pattern, which the bulls aimed to capitalize on to stage a breakout.
With the price moving down below the symmetrical triangle pattern below $6.0, SAGA negated the bullish outlook, with the bears taking control of the price. The downtrend has allowed SAGA to trade within the confines of a falling wedge pattern, with the bulls finding support at $5.61.
Additionally, the current downtrend is evident as SAGA trades below the 50-day Simple Moving Average (SMA). If the bulls use the support at $5.61, SAGA could eventually overcome the $5.97 barrier, which coincides with the 50-day SMA.
The Relative Strength Index (RSI) moves towards the oversold levels, currently at 41, which shows that investors are currently selling.
<h2 id="span-style-font-weight-400-saga-price-prediction-span">Saga Price Prediction</h2>
The Saga price analysis on the 30-minute chart indicates that SAGA is currently on a downtrend but with signs of a bullish trend reversal. With the formation of a bullish falling wedge pattern, the bulls aim to use the $5.61 support to push the price higher above the immediate support at $5.97 to target $7.24.
The RSI provides a bullish bias, having crossed the 50-midline level and heading south, which indicates that buyers may generate an incoming price reversal.
However, if the bears continue exerting more pressure, the price will go down to the critical support of around $5.38.
If you’re concerned about that bear pressure, one alternative is to consider the red hot Dogeverse presale, which has raised over $1.6 million in less than three days.
<h2 id="span-style-font-weight-400-dogeverse-a-new-100x-gem-alternative-span">Dogeverse: A New 100X Gem Alternative?</h2>
<a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Dogeverse (DOGEVERSE)</a> is the first Doge meme token built on a multichain network spanning Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The <a href="https://twitter.com/hashtag/DOGEVERSE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGEVERSE</a> sets a new standard for <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Tokens?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Tokens</a>! 🌟
 Buying and <a href="https://twitter.com/hashtag/Trading?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Trading</a> $DOGEVERSE across six major <a href="https://twitter.com/hashtag/Blockchains?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchains</a>, amplifying Cosmo's vision of a unified crypto verse. 🚀
 From <a href="https://twitter.com/hashtag/DEXs?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DEXs</a> to <a href="https://twitter.com/hashtag/CEXs?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CEXs</a>, join our <a href="https://twitter.com/hashtag/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Memecoin</a> enthusiasts and explore <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> adventurers worldwide! 🌐 <a href="https://t.co/lYgZszersR" rel="noopener noreferrer nofollow">pic.twitter.com/lYgZszersR</a>
 — DogeVerse (@The_DogeVerse) <a href="https://twitter.com/The_DogeVerse/status/1778045393747562926?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 10, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The token is based on the space dog Cosmo and is poised to unite the crypto meme community and stand as the vanguard of multichain utility.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚀 Explore the <a href="https://twitter.com/hashtag/DOGEVERSE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGEVERSE</a>, the first truly multi-chain <a href="https://twitter.com/hashtag/Doge?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Doge</a> <a href="https://twitter.com/hashtag/Token?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Token</a>, inspired by <a href="https://twitter.com/hashtag/Cosmo?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cosmo</a>'s legendary journeys. 🐕
 A leap forward in <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> connectivity, uniting diverse <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> communities through Doge memes and a vision of a unified ecosystem across multiple chains! 🌐 <a href="https://t.co/8JR3yjJsK4" rel="noopener noreferrer nofollow">pic.twitter.com/8JR3yjJsK4</a>
 — DogeVerse (@The_DogeVerse) <a href="https://twitter.com/The_DogeVerse/status/1777683023787405618?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The platform also allows investors to stake in Ethereum to earn passive rewards, and offers an impressive 675% annual percentage yield (APY). Holders have already staked over 2.5 billion $DOGEVERSE tokens.
ClayBro, a crypto analyst on YouTube boasting over 125K subscribers, says he’s bought $DOGEVERSE himself and predicts it will sell out quickly.
<iframe title="Dogeverse Is a New Multichain Dogecoin! Super Early Stages And Extremely Cheap!" width="640" height="360" src="https://www.youtube.com/embed/HR7gfpcUhG4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
The team aims to leverage the upcoming International Doge Day on April 20, when the hype surrounding Doge reaches a fever pitch, to boost the token’s profile.
A price hike is coming in less than two days, or sooner if funds raised hit the stage target, so act fast if you are interested.&nbsp;
To participate in the presale, <a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">you can buy $DOGEVERSE from the official website here</a> for $0.000291 per token. You can use ETH, USDT, or a bank card to make a purchase.&nbsp;
<h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/crypto-presales-worth-pros-cons-you-need-know-calsona-5aeye" rel="noopener noreferrer nofollow">🚀💰 Are Crypto Presales Worth It? The Pros and Cons You Need to Know! 💸🤔</a></li>
 <li style="font-weight: 400;">&nbsp;<a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow">🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/upcoming-binance-listings/" rel="noopener noreferrer nofollow">New Upcoming Binance Listings in 2024</a></li>
</ul>

Saga Price Prediction: SAGA Plunges 9% As Traders Shift Focus To This Multi-Chain Dogecoin Derivative For Parabolic Gains

Table of Contents

Inside Bitcoins

Other articles published on Apr 11, 2024

Chainlink and Stellar Remain Stagnant While Early Investors Book Life-Changing Gains on $MEDA Pre...

All About MetalCore: The New Web3 Game On zkEVM Blockchain

Crypto Assets Rebound Amid ‘Buy The Dip’ Euphoria

Three Coins To HODL for Massive Gains in Q2 2024 – Ethereum, Rebel Satoshi Arcade, and Ethereum C...

PEPE Price Hints At A Possible Downtrend! $0.00001 Imminent Following Halving?

Scorpion Casino Launches PinkSale After $10M Presale: Final Opportunity to Secure $SCORP Before L...

Join our free newsletter for daily crypto updates!