- The SATS price advanced by more than 4000% in the last 1 year.
- The SATS token was overbought, which might lead it to lower levels.
At press time, the SATS (1000SATS) price traded 170% above its all-time low price, formed just two months ago. Additionally, the SATS crypto’s price was down by 66% from its all-time high of $0.0009348.
The SATS token’s market cap has advanced by 4.8% in the last 24 hours. This resulted in a market cap value of $656.756M, making it the 86th largest cryptocurrency in the global crypto market.
The token’s traded volume value also advanced by 32%, showing increased demand among traders and investors. It resulted in a value of $126.061M. This was further followed by a volume/market cap ratio of 19.5%, showing excellent liquidity in the token.
The SATS price was highly volatile, resulting in 16.5%. This might lead to uncertain spikes in the token price while trading in the markets. The token’s price sentiment was bullish at press time, against which the fear and greed index showed fear among investors.
Derivatives Of SATS Token Stepping Towards Bulls
In the last 24 hours, shorts worth $321.64K were liquidated in the token. This was followed by a long liquidation of $284.06K, which showed the bulls’ dominance in the price.
The SATS crypto’s derivatives traded volume declined 7.7% in the last 24 hours. It resulted in a traded value of $228.08M. Despite this, the open interest advanced by 5%, showing a rise in the token’s derivatives positions.
What Does Technical Say About The 1000SATS Token?
The 1000SATS token has recently demonstrated bullish behavior by breaking above its most recent swing low. It signaled a potential shift in market sentiment. This breakout suggested the token has been gaining traction among traders and investors, reflecting a growing interest in its potential.
The token experienced a price decline from a swing high of $0.0008095. It led to a lower low swing on the chart. This downward movement formed a dynamic falling wedge pattern, a technical formation often associated with potential bullish reversals.
In recent price action, 1000SATS successfully broke out of the falling wedge pattern with strong momentum. It has advanced by 40% since the breakout.
This significant upward movement indicated a renewed interest in the token. That suggested the possibility of further gains if the current momentum is maintained.
Let’s Take A Look At Significant Technical Indicators Of SATS Token
A golden cross has accompanied the recent SATS coin price action of the 1000SATS token. Also, the 20-day and 50-day EMAs have intersected.
SATS/USD Chart by TradingView
Further reinforcing this bullish trajectory, the MACD metrics have advanced above the zero line. This development underscores the strength of the current uptrend, indicating that buying pressure is outpacing selling pressure.
Additionally, the RSI has consistently remained above the 50 level and recently closed above the 14-day SMA. This further supported the positive outlook for the token. These indicators collectively suggested that the bullish sentiment surrounding 1000SATS is likely to persist.
On the technical front, the SATS crypto has found strong support at the $0.000110 and $0.000150 levels. This provides a solid foundation for potential further gains.
The next key levels to watch are $0.000540 and $0.000730 on the resistance side. If the upward momentum continues, these key levels could be hurdles for the token’s price.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
