Technical analysis by Sober_Trading about Symbol SAGA: Buy recommendation (8/12/2024)

SAGAUSDT coin is showing signs of a strong reversal on the daily chart, with bullish legs becoming stronger than the previous bearish ones. This suggests increasing buying pressure, and after a potential pullback, we could see more upward movement.On the fundamental side, SAGAUSD has been gaining traction since its mainnet launch in April 2024. It’s a unique Layer 1 protocol that allows developers to create dedicated chains, offering infinite scalability, interoperability, and cost-effective solutions. The project has already attracted around 350 projects, mostly in gaming, and has formed partnerships with key players like Polygon and Avalanche, which could drive its adoption further