SATS price overview,recent breakout pullback has been completed

Aug 13

Earlier, the trend had been a downward trend, and in the SATS price, entire trading activity had occurred in a wedge, where the past 45 days of price activity had led to a bullish pattern formation, precisely the falling wedge's breakout. The breakout was confirmed in SAT's price after it had been traded above the upper border after July 15th, 2024.


A recent breakout pullback has been completed, and we are soon to make a Change of Character (CHoCH) by moving past the 200-day EMA. This phenomenon could take the SATS price to the moon. The pullback began this week and surged beyond 120% after taking support from the upper border as support.

Where the SAT's price indicators indicate bullish optimism increased, as MACD has built a bullish cross, where the histogram grew to 59.72. Meanwhile, the RSI was at 59.67 and has bounced back towards overbought, signifying grown optimism in the market.

At press time, the upper border would lead to meet the hurdle at $0.000000447 and $0.000000586, respectively. However, the resistance could push the price toward the near support at $0.000000246, and $0.000000116, respectively.