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SATSUSDT Perpetual Swap Contract

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SATS Drops 2% to as It Loses a Key Support Level but May Begin tThe SATS price dropped out of a positive price channel over the last 72 hours as it was attempting to challenge a medium-term negative trend line. Falling out of this bullish range resulted in the crypto losing the support of the $0.0000004505 mark. A negative price channel has also emerged on SATS’ 4-hour chart after the crypto printed a series of lower highs and lower lows throughout the past 2 days. Should this negative momentum continue, the SATS price may soon retest the $0.0000004025 support level. A break below this significant price point may then put the altcoin at risk of falling to the subsequent support at $0.0000003505 in the short term. This bearish thesis could be invalidated if the SATS price closes a 4-hour candle above the upper boundary of the negative price channel. In this alternative scenario, the crypto may look to reclaim the $0.0000004505 support. Thereafter, it will need to overcome the medium-term negative trend line that has emerged on its chart. A break above this trend line will be a significant bullish development, which may lead to the SATS price challenging the $0.0000005420. In an extremely bullish scenario, the altcoin could rise to as high as $0.0000006535 in the upcoming fortnight. Technicals Suggest a Reversal Soon Technical indicators on the crypto’s 4-hour chart are showing signs that SATS’ negative trend may have reached its end. The Moving Average Convergence Divergence (MACD) line is starting to rise towards the MACD Signal line, which could be an early sign of a potential bullish reversal. In addition to this, the Relative Strength Index (RSI) has leveled off close to oversold territory at around 40. The SATS price currently has greater short-term upside potential than downside potential. Traders may therefore jump on the opportunity to purchase the crypto at its current discounted price.
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by StevenWalgenbach
SATS Breaks Major Resistance, Could It Rise to $0.0000006535?The Sats price was able to overcome the $0.0000004505 resistance level in the last 24 hours. It also printed a series of higher highs and higher lows on the 4-hour chart over the past couple of days, resulting in the formation of a positive price channel. This bullish move may soon come to an end, however, since the breakout is significantly less powerful than the previous bullish move. There is also a medium-term negative bearish trend line that the Sats price needs to overcome before it can soar. Failure to break above this trend line in the next week may result in a strong correction. A potential early confirmation of this bearish thesis could be if SATS falls below the newly-formed ascending price channel. Falling out of this range could be followed by the Sats price retesting the aforementioned $0.0000004505 mark. Continued sell pressure may lead to the crypto falling below this significant price point and potentially dropping to as low as $0.0000004025. In an extremely bearish scenario, the price could drop to as low as $0.0000003505. This bearish thesis may be invalidated if SATS is able to close a 4-hour candle above $0.0000005420. In this more bullish scenario, the Sats price could have the foundation needed to rise to the subsequent threshold at $0.0000006535 in the following few days. Technical indicators on the 4-hour chart for SATS suggest the altcoin’s price may fall soon. The Moving Average Convergence Divergence (MACD) line is starting to close in on the MACD Signal line. This may be an early signal of SATS’ bullish trend approaching its end before entering a bearish cycle. Buyers are also losing some of their strength against sellers, which is evident by the Relative Strength Index (RSI) indicator. Currently, the RSI line on the 4-hour chart is sloped negatively, and may soon cross below its Simple Moving Average (SMA) line.
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by StevenWalgenbach
SATS Plummets 12%, but Don’t Rule Out a Rise to $0.0000005420KUCOIN:SATSUSDT dropped below the 9 and 20 Exponential Moving Average (EMA) lines on its 4-hour chart over the past 24 hours. Should this bearish momentum continue, the altcoin may soon retest the immediate support level at $0.0000004505. Once at this level, SATS will either rebound and begin climbing to $0.0000005420 in the following couple of days, or will fall below the mark towards the $0.0000004025 support. In the event that the SATS price falls to $0.0000004025, investors will want to pay close attention to how the crypto’s price behaves around this support. Falling below this significant price point may put the altcoin at risk of plummeting to as low as $0.0000003505 in the following couple of days. A bullish play may, however, still be in play for as long as the SATS price remains above this level, as any rebound above this level will result in SATS printing a higher low. This could ultimately lead to the altcoin rising towards the $0.0000005420 barrier in the short to medium-term. Traders and investors will want to note that the 9 EMA line on the 4-hour chart has crossed below the 20 EMA line. This specific technical occurrence suggests that the SATS price has entered into a short-term bearish cycle, and may subsequently retrace in the upcoming 24-48 hours.
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by StevenWalgenbach
SATS Could Correct Soon, How to Mitigate RiskKUCOIN:SATSUSDT was rejected by the $0.0000005420 resistance level earlier in today’s trading session. As a result, the altcoin stands the risk of correcting to the $0.0000004505 support level in the next 24 hours. As long as SATS does not drop below this significant mark, it may consolidate for the next 48 hours before potentially entering another leg up. This could lead to the altcoin rising to as high as $0.0000006535. On the other hand, a break below $0.0000004505 in the coming 48 hours may delay this bullish move from taking place. In this alternative scenario, the SATS price could fall to $0.0000004025. As long as the altcoin remains above this price point, the bullish thesis may still be in play. However, a drop below this key level could expose SATS to the risk of falling to as low as $0.0000003505. Bulls Are Losing Their Strength Technical indicators on the crypto’s 4-hour chart show that bulls have lost some of their momentum. The Moving Average Convergence Divergence (MACD) is closing in on the MACD Signal line. This specific technical flag suggests that SATS’ bullish trend is losing strength. In addition to this, the Relative Strength Index (RSI) is closing in on its Simple Moving Average (SMA) line. These two lines intersecting may signal that sellers have gained a temporary upper hand against buyers, which may lead to the SATS price dropping slightly. To mitigate risk, investors may want to cash out now until the SATS price breaks above $0.0000005420. A break above this level could clear a path for the crypto to rise more than 21%. However, a bearish double top pattern is forming on the altcoin’s 4-hour chart. This may be an early indication of the crypto dropping in the next couple of days, and could lead to SATS falling to $0.0000003505.
SShort
by StevenWalgenbach
SATS Pumps 38%, Will It Keep Rising?KUCOIN:SATSUSDT broke out of a medium-term bearish channel over the past 48 hours, and managed to record around a 38% gain. After escaping the channel, the altcoin printed a series of higher highs and higher lows on the 4-hour chart as well, leading to the formation of a smaller bullish channel. Traders may look to take their profit from the 38% move. Should this happen, SATS may retrace to $0.0000004505 and potentially drop to as low as $0.0000004025. As long as the SATS price remains above this level, a potential bullish move will be in play. A break below this significant price point could however lead to SATS falling to $0.0000003505 and possibly even lower. In a more bullish scenario, the SATS price may attempt to flip the $0.0000005420 resistance level into support. This could then give the crypto the foundation needed to rise to the subsequent barrier at $0.0000006535 in the following few days. Technical indicators on the 4-hour chart for SATS show that buyers’ strength is starting to cool down a bit. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators warn that a slight correction may be in the cards for the SATS price. The slope of the MACD Histogram is negative, which could be an indication of the bullish trend slowing down a bit. In addition to this, the RSI line is negatively sloped towards oversold territory, which generally signals that buyers have weakened against sellers.
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by StevenWalgenbach
SATS Could Soar 38% if It Overcomes Current ChannelKUCOIN:SATSUSDT managed to climb back into a medium-term negative price channel over the past 24 hours after dropping out of the zone. Since reclaiming a position within the channel ,the altcoin has continued to rise, and is currently attempting to break above its middle level. Should SATS close a 4-hour candle above this threshold, it would have flipped the $0.0000004025 resistance, which may give it the foundation needed to rise to $0.0000004505 in the following 48 hours. Thereafter, continued buy pressure could boost the SATS price to as high as $0.0000005420 in the short term. This would constitute around a 34% gain from the crypto’s current price. However, this bullish thesis may be invalidated if SATS fails to close a 4-hour candle above $0.0000004025 within the next 12 hours. In this alternative scenario, the altcoin may be at risk of retesting the $0.0000003505 support level in the upcoming 2 days. Technicals Point to a Continued Rise Technical indicators on the crypto’s 4-hour chart suggest that the SATS price has entered into a short-term bullish trend. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging in favor of buyers. The MACD line crossed above the MACD Signal line throughout the past 12 hours. This is a significant bullish technical flag that may signal a continuation of the crypto’s positive trend. In addition to this, the RSI line is positioned above its Simple Moving Average (SMA) line, which indicates that buyers are currently stronger than sellers. Traders will want to keep an eye on the RSI, however, as it is currently sloped towards oversold. This could be an early sign of a bearish trend reversal and demands attention for the coming 24 hours.
SLong
by StevenWalgenbach