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The saitama is a dog themed meme coin which gained a lot of attention during the dog themed meme coin rave. The dog theme meme coin rave led by Elon Musk’s Dogecoin and Shiba Inu helped drive up Saitama Inu price. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. Currencies that are positively correlated with Saitama indicate that the movement of one has a statistically significant weight to lead the other in the same direction.
- In the table below you can find two types of moving averages, simple moving average and exponential moving average .
- Each candlestick will display SAITAMA’s opening price, closing price, as well as the highest and lowest prices that Saitama reached within the 1-hour period.
- Saitamask release, major exchange listings, New partnerships, 11% staking opportunity to name a few…
- Many cryptocurrency traders pay close attention to the markets when the current Saitama price crosses an important moving average like the 200-day SMA.
Saitama Inu is a complete ecosystem built to indulge young crypto enthusiasts and teach them the values of investing. After a while the Saitama inu project attracted a more structured team of developers led by Russell Armand. The anonymous founder later openly renounced its ownership, leaving the project at the care of community developers.
50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the SAITAMA price moves above any of these averages, it is generally seen as a bullish sign for Saitama. Conversely, a drop below an important moving average is usually a sign of weakness in the SAITAMA market. Moving averages are among the most popular Saitama price prediction tools.
What affects the price of Saitama?
Russell Armand holds an MBA in business management and has four years of working experience in cryptocurrency. Before taking up the Saitama project he was a former Berkshire Hathaway Subsidiary owner. Saitama Inu is a decentralized platform and a complete crypto ecosystem on a mission to educate young people on the values of investment. The Saitama Inu ecosystem aims to cultivate crypto knowledge amongst millenials and Gen Z, with a little something for the older users as well. Needs to review the security of your connection before proceeding. Track over 10,000 crypto prices in real-time with ease.
The Saitama token has an inbuilt anti whale feature to prevent large holders from controlling the liquidity. To check Saitama’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Look at the rock bottom price here along with the huge hidden bullish divergence… Had alot of hype over the fall and then kind of fizzled out due to some FUD. Saitamu Inu was launched on the Etherium network by an anonymous founder in May 2021. The project’s primary goal is to educate the younger generation, especially Generation Z, about investing.
What is the current Saitama sentiment?
As the name suggests, a moving average provides the average closing price for SAITAMA over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day saitama inu chart simple moving average for SAITAMA is a sum of SAITAMA’s closing prices over the last 12 days which is then divided by 12. Moving averages are a popular indicator in all financial markets.
The 200-day SMA is calculated by taking Saitama’s closing prices in the last 200 days, adding them together, and dividing the total by 200. The Saitama price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. The Relative Strength Index momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold or overbought . Currently, the RSI value is at 67.71, which indicates that the SAITAMA market is in a neutral position. The cryptocurrency world has always been plagued by the challenge of the whales. A whale is a cryptocurrency term that refers to individuals or entities that hold large amounts of coins.
1-hour, 4-hour and 1-day candlestick charts are among the most popular. Saitama traders use a variety of tools to try and determine the direction in which the SAITAMA market is likely to head next. These tools can roughly be divided into indicators and chart patterns. Just like with any other asset, the price action https://cryptolisting.org/ of Saitama is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SAITAMA.
It had a big sell-off since but has found support right above the red line shown on my chart. Keep an eye on these Red Lines which indicates the support and resistance areas. At this moment, since it’s at support, it’s looking more favorable to long this project with a tight stop.
No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. When trying to make a Saitama forecast, many traders also try to monitor the activity of SAITAMA “whales”, which are entities and individuals that control large amounts of SAITAMA. Since the Saitama market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Saitama’s price movements. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SAITAMA price.
The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including Saitama. Most commonly, the RSI is used on a 14-day time frame. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.
When looking at Saitama on the Daily TF, we can see that it’s currently trading in a massive channel. Seeing that it is at the bottom of the channel that is one of the first signs that bulls will start to come in soon. There’s currently a diagonal trendline shown which is the next closest resistance battle to overcome. Looking at the charts, i’m thinking we going to see some upside movement for Saitama. Saitama had a nice pump after Certik audit was complete for SaitaMask.
About Saitama
For currencies that are negatively correlated with Saitama, a move in one direction for Saitama would translate into a move in the opposite direction for the negatively correlated coin. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
Saitama token has an inbuilt Deflationary currency approach which protects Saitama token from inflation. The Saitama token Users staking their tokens in the Saitama Inu pool will enjoy returns, which are sourced from transactions performed with the SAITAMA token. Berkshire Hathaway is a multinational conglomerate holding company owned by Warren Buffet. Russell Armands earlier affiliations with the company has helped instill confidence in Saitama inu users.
Saitama Key Price Levels
This is a long term investment in my opinion, just looking at the… The Saitama price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The Saitama death cross happens when Saitama’s 50-day SMA falls below the 200-day SMA. Traders usually interpret a death cross as a bearish signal for future price action, but the actual usefulness of this metric is controversial. The Saitama golden cross, on the other hand, is generally interpreted as bullish and happens when the 50-day SMA rises above the 200-day SMA.
What is the Saitama death cross and golden cross?
An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. The SAITAMA is an ERC-20 token and is categorized as a meme token. Meme coins are very popular amongst young crypto fans.
Saitama Price Forecast Based on Technical Analysis
Keep in mind that there is no way to predict the future with 100% success, and past performance is no guarantee of future results. We have a double bottom in the price action and bullish divergence in the MACD. This is a perfect time to start buying for a mid-term hold. Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.
However, all definitions include a short-term SMA crossing above or falling below a long-term SMA. We are breaking out of the downtrend created from all the FUD from the last 24hrs! The community is very strong and supportive of this project! So many positive catalyst headed our way for Saitama! Saitamask release, major exchange listings, New partnerships, 11% staking opportunity to name a few…