SAHARA Token Plummets 60% in 24 Hours
- Token Price Crash: The SAHARA token plummeted nearly 60% in the last 24 hours, dropping from around $0.035 to $0.016, nearing its all-time low of $0.01355, indicating severe selling pressure and a sharp decline in investor confidence.
- Unusual Trading Volume: With approximately $215 million in trading volume within a single day, SAHARA's volume exceeded its $49 million market cap by over four times, revealing significant capital outflows and market instability that could lead to further price fluctuations.
- Team Statement Clarification: The Sahara AI team reiterated on social media that there are no security vulnerabilities in their smart contracts and that all allocations in team and investor wallets remain intact on-chain, aiming to restore market confidence and alleviate investor concerns.
- Liquidity Plan for Cross-Chain Bridge: Following the crash, a 600 million SAHARA transfer was identified as a potential factor in the selling pressure, with the team explaining that this transfer was part of a planned initiative to support liquidity for a newly launched cross-chain bridge, emphasizing that no team or investor tokens were sold or transferred.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0177 | 0.0194 | 0.0207 | 0.0224 | 0.0237 | 0.0254 | 0.0267 |
| Fibonacci | 0.0194 | 0.0206 | 0.0213 | 0.0224 | 0.0236 | 0.0243 | 0.0254 |
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