$SAGA saw a short liquidation of $1.9958K at $0.03093, pointing to a localized short squeeze scenario. Shorts were likely positioned expecting further downside or consolidation, but a sudden upward push invalidated their bias. This kind of liquidation often reflects underestimation of demand at lower prices.

The liquidation near this price level shows that $0.03 is becoming an important zone where sellers are vulnerable. When shorts are forced out, it can temporarily reduce selling pressure and allow price to breathe upward. If momentum continues, this zone may flip into short-term support.

$SAGA ’s price action suggests accumulation behavior rather than distribution, especially if follow-up candles hold above the liquidation level. Traders watching this asset should be alert for additional short squeezes if bearish leverage rebuilds too quickly. $SAGA

SAGA

0.0317

-0.93%