The SATS price has seen a significant decline of over 5% in the past 24 hours. However, it has been trending upwards and has been expanding gains within a rising parallel channel. The recent retracement pushed the price towards the 100-day EMA support zone. Despite the recent decline, the SATS crypto has been displaying higher highs and reflecting bullish dominance. The $0.0003000 level is seen as a crucial pivot point and could be a good entry point for buyers to enter long trades. The daily chart shows a steady uptrend, with the SATS crypto recording over a 70% surge in the past month. Last week, the price faced rejection at the 200-day EMA zone, leading to a retracement. The token has been trading in a tight range this month, indicating a lack of buying pressure. However, the volume profile suggests significant interest from buyers at this price level. The On Balance Volume indicator suggests accumulation is taking place, while the Awesome Oscillator indicates bearish momentum. The Chaikin Money Flow indicates a liquidity exit from the market, although sentiment data shows confidence from investors in accumulating SATS crypto. The social dominance curve remains neutral, indicating a lack of discussion among investors on media platforms. Open Interest in the futures market has dropped, suggesting long unwinding. If the $0.0003000 region is defended by bulls, the SATS price could rise to $0.0003300 and $0.0003600, negating bearish predictions.
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