What's Next In SATS: Moon or Doom?

Jul 30, 2024

In the list, SATS stands at third with 14.84% growth in the past seven days; it has a rank of 104th in terms of market cap.

The 24-hour volume stands at 87.82 Million, and the market cap is at $615.02 Million. Meanwhile, the volume to market cap ratio was significantly higher at 15.27%, showed good liquid present, and traders' interest was high.

Despite the optimistic stats, the trend has been downward, where the entire trading activity occurred in a falling wedge, where the price traded near the upper border.

Contingent on buyers, a breakout could take the price to the moon, or the price would dip once more if the upper border deflects yet again.

At press time, it has traded at $0.00000029, and the break of the upper border would lead to meeting the hurdle at $0.00000044, and $0.00000058, respectively. On the contrary, deflection from the upper border will take the price toward the near support at $0.00000024, and $0.00000011, respectively.