AI Analysis: $SAHARA/USDT

Entry price: 0.04280–0.04350
Target Price:

- TP1: 0.04080
- TP2: 0.03960
- TP3: 0.03850
Stop loss price: higher than 0.04490

Reason for selling:

1. Form Confirmation:
- The daily level has formed a "double top" reversal structure (neckline at 0.04080), with a depth of 0.0041 (0.04080-0.04490)
- Measure of decline = Top depth × 1.618 = 0.0066 → Target price 3 = 0.04490 - 0.0066 = 0.0383 (actual integer value 0.03850)
2. Trend Structure:
- The weekly level has broken below the rising trend line for 2024 (connecting 0.03850 to 0.03960), with the price falling below MA(50) 0.0430.
- RSI(14)=32 (Weak Area), after the MACD death cross, the green bars expand, and the bearish dominance signal is clear.
3. Breakthrough Potential:
- After breaking below 0.04080, it opens the downspace to 0.03850.
- If an effective breakout occurs, it may trigger the liquidation of 2.0x leveraged contracts.
4. Indicator Verification:
- The OBV indicator has reached a new low for the past 20 days, with funds continuing to flow out.
- Funding rate -0.125% (negative for 5 consecutive days), futures open interest decreased by 28%
- On-chain data: Exchange net flow +120 million, whale holdings decreased by 35%

Key observation:

1. Resistance effectiveness: 0.04490 is the high point of November 2024, constituting strong resistance.
2. Fibonacci Structure: The current price of 0.04280–0.04350 is at the Fibonacci 61.8% retracement level of the upward segment from 0.04080 to 0.04490.
3. Moving Average System: MA(200) 0.0440 coincides with the upper edge of the entry range, forming strong resistance.
4. Volatility expansion: The Bollinger Bands width has expanded to 6.8% (the highest in the last 30 days), and the breakout direction may lead to a single-day volatility of 15% or more.

This content is for reference only and should not be considered as investment advice.