SAGA Price Formed an Inverted Head & Shoulder Pattern; Potential Upsurge Soon?

The SAGA price has remained bearish in a broader time frame, but buyers were strong in the short term at the time of writing.

The price of SAGA has declined sharply over the past few months, and it is currently trading at a loss of more than 90% from its all-time high. Several technical indicators are suggesting that the bears are still in control, and a further decline in the price of SAGA cannot be ruled out.

On the upside, several levels could act as resistance to the price of SAGA, including the 20-day moving average, 50-day moving average, 100-day moving average, and 200-day moving average. These levels are currently located at $2.14, $2.85, $4.05, and $6.00, respectively.

On the downside, several levels could act as support to the price of SAGA, including the 50% Fibonacci retracement level, 61.8% Fibonacci retracement level, and 78.6% Fibonacci retracement level. These levels are currently located at $0.90, $0.70, and $0.40, respectively.

Overall, the technical outlook for SAGA crypto is bearish, and a further decline in the price cannot be ruled out. However, several levels could act as support to the price, and a sustained break below these levels could lead to a trend reversal.

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