Market Overview for Sahara AI (SAHARAUSDT) – 2025-08-06

• Sahara AI opened at $0.08932 and closed at $0.08511, down ~4.7% with bearish momentum.
• A key support level appears at $0.0846–0.0850, tested multiple times; no confirmation of a reversal yet.
• High volatility seen around 01:15–02:45 ET, with a 15-minute candle dropping ~1.4% on elevated volume.
• RSI near oversold territory, but volume has not confirmed a bottom.
• Bollinger Bands have widened, suggesting increased uncertainty and potential for a directional move.

Sahara AI (SAHARAUSDT) opened at $0.08932 and traded in a bearish channel, closing at $0.08511. The 24-hour high was $0.08988, and the low was $0.08391. Total volume reached ~44,848,000 contracts, with $3,946,190 in notional turnover.

Structure & Formations

The price has been forming a descending channel, with a key support zone between $0.0846 and $0.0850 being repeatedly tested. A potential bullish reversal may be attempted if this level holds, but bearish continuation is more likely without a strong rebound. Notable bearish engulfing patterns were observed in the early hours of the day, particularly between 01:15 and 02:45 ET, signaling strong selling pressure.

Moving Averages

On the 15-minute chart, the price has remained well below the 20- and 50-period moving averages, reinforcing the bearish bias. On the daily chart, the 50- and 100-period moving averages are aligned with the recent price decline, suggesting continuation of the downtrend is probable. The 200-day MA is distant but offers a potential long-term support zone if the price retraces deeper.

MACD & RSI

The MACD has been in negative territory for the majority of the 24-hour window, with bearish divergence seen during the early ET hours. The RSI has dipped into oversold territory (near 30–35) at several points, indicating potential for a bounce, though volume during these bounces has been weak, suggesting a lack of conviction in buying.

Bollinger Bands

Bollinger Bands have expanded significantly during the early part of the day, reflecting heightened volatility. The price has spent most of the 24-hour window below the 20-period lower band, reinforcing the bearish pressure. A close above the midline of the bands could suggest a shift in sentiment but would need strong volume to confirm.

Volume & Turnover

Volume was elevated during the early ET hours, particularly around 01:15 and 01:30, when the price dropped ~1.4% on increased selling pressure. Turnover has not confirmed a bottom, as rebounds have occurred on low-volume setups. A divergence between price and volume suggests that sellers may still have the edge unless a strong bullish setup emerges.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute swing from $0.08988 to $0.08455, the price has reached the 61.8% level at ~$0.0853–0.0855. A failure to hold above this level could see the price test the 78.6% retracement zone at $0.0836–0.0838. On the daily chart, the 61.8% retracement of the larger move appears near $0.0820, which could become a critical support in a deep correction.

The next 24 hours may see a test of the key support at $0.0846–0.0850. A break below that level could accelerate the downtrend. Investors should remain cautious, as oversold RSI readings have not yet translated into a clear reversal. Volatility and divergences suggest uncertainty in near-term direction.