Rose

bullish

when

Change

SATS, a Meme coin under the top 100 cryptos, has received attention lately. When writing, it was one of the top crypto performers, gaining over 18% in the past 24 hours, per CoinMarketCap. 
Lastly, it traded at $0.000000309, and SATS has eyed a retest of support-turned-resistance at the $0.00000044 hurdle level. A break above that level could see SATS pump back to its December 2023 highs above $0.00000097. 
<h2 class="wp-block-heading" id="h-sats-numbers-on-the-go">SATS Numbers On The Go</h2> 
When writing, SATS ranked 87th in terms of market cap, which reached $649.98 Million. The 24-hour volume was 255.7 Million, and its spot inflow rocketed 160% intraday.&nbsp; 
Even more mesmerizing subject was the high liquidity present in the crypto. The volume-to-market cap ratio was <a href="https://www.thecoinrepublic.com/price-prediction/sats/">remarkably </a>higher at 39.21%, where traders’ interest was high, making trading easier and nearest to exchange prices. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="262" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117-1024x262.png" alt="SATS Holders Data | Source: Coincarp" class="wp-image-661582" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117-1024x262.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117-300x77.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117-768x197.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117-1536x394.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117-150x38.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117-696x178.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117-1068x274.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-117.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 SATS Holders Data | Source: Coincarp
 </figcaption>
</figure> 
According to its tokenomics, the supply has reached 2.1 trillion SATS floating in the market, and the top 10 holders are 65.99%, with growing adoption where holders have reached 48,275. 
<h2 class="wp-block-heading" id="h-sats-sats-derivatives-data-analysis">SATS (SATS) Derivatives Data Analysis</h2> 
At press time, the <a href="https://www.thecoinrepublic.com/price-prediction/sats/">SATS</a> derivatives volume surged more than 110%, and the derivatives inflow reached $385.78 Million. The number of open contracts surged more than 37.15%, reaching $26.92 Million. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="250" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116-1024x250.png" alt="SATS Total Liquidations Chart | Source: Coinglass" class="wp-image-661577" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116-1024x250.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116-300x73.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116-768x188.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116-1536x375.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116-150x37.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116-696x170.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116-1068x261.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-116.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 SATS Total Liquidations Chart | Source: Coinglass
 </figcaption>
</figure> 
The liquidation indicated more shorts dominances, signifying surged optimism in the price. Meanwhile, the shorts liquidated amount was $894.99K, and the longs liquidated in the past 24 hours were $531.45K. 
<h2 class="wp-block-heading" id="h-meme-coin-sats-price-overview">Meme Coin SATS Price Overview</h2> 
Earlier, the trend had been a downward trend. In the SATS price, entire trading activity had occurred in a wedge, where the past 45 days of price activity had led to a bullish pattern formation, precisely the falling wedge’s breakout. The breakout was confirmed when the prince traded above the upper border after July 15th, 2024. 
A recent breakout pullback has been completed, and the price may soon make a Change of Character (CHoCH) by moving past the 200-day EMA. This phenomenon could take the SATS price to the moon. The pullback began this week and surged beyond 120% after taking support from the upper border as support. 
<h2 class="wp-block-heading" id="h-sats-price-indicators-assessment">SATS Price Indicators’ Assessment</h2> 
The SAT price indicators indicated that the bullish optimism has increased, as MACD has built a bullish crossover, where the histogram grew to 59.72. Meanwhile, the RSI was at 59.67 and has bounced back towards overbought, signifying grown optimism in the market.  
<a href="https://in.tradingview.com/chart/SATSUSDT/IDTSpvpw-SATS-price-overview-recent-breakout-pullback-has-been-completed/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
At press time, the upper border would lead to meet the hurdle at $0.000000447 and $0.000000586, respectively. However, the resistance could push the price toward the near support at $0.000000246 and $0.000000116, respectively. 
The post <a href="https://www.thecoinrepublic.com/2024/08/13/meme-coin-sats-price-rose-18-will-it-target-december-2023-highs/">Meme Coin SATS Price Rose 18%: Will It Target December 2023 Highs?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Meme Coin SATS Price Rose 18%: Will It Target December 2023 Highs?

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