SAHARA Hits All-Time High - Here's What's Next | Credit: Veronica Cestari
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Key Takeaways
Sahara AI (SAHARA) reached a new all-time high on July 24.
The Sahara team released its Data Services Platform on July 22.
Will SAHARA continue increasing, or has the trend reversed already?
Sahara is an AI-focused blockchain project with its own native token, SAHARA.
Since launching in June, the token initially struggled before gaining traction and hitting a new all-time high in July.
Momentum picked up after a wave of positive updates from the Sahara team, fueling a sharp rally that peaked with another all-time high on July 24.
But since then, SAHARA has dropped by 25%, raising concerns that the bullish momentum may be fading.
Let’s break down the charts and explore what could be next for SAHARA.
Sahara Data Services Platform
On July 22, Sahara launched its new Data Services Platform, a first-of-its-kind on-chain system designed to reward users for contributing to AI development.
More than $450,000 worth of SAHARA tokens have been set aside for partner rewards, as the platform encourages users to co-create datasets, participate in decentralized quality assurance, and receive transparent, on-chain compensation.
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The platform offers three primary ways to earn: through Enterprise, Dual-Reward, and Community tasks, all geared toward supporting Sahara and its partner network.
At launch, five major partners are backing the initiative: CAMP, IO.net, Solo.AI, MIA, and xFractal.
While the SAHARA token hit a new all-time high the day after the platform’s launch, the price has since seen a modest pullback.
SAHARA is between the 0.5-0.618 Fibonacci retracement support levels, so a local top is near.
This bullish SAHARA prediction will be invalid if the price falls below $0.095 (red), since Elliott Wave rules do not allow for overlap between waves one and four.
If that happens, SAHARA could fall to new lows, but the price analysis is bullish as long as it does not.
Trend Remains Intact
Despite the 25% correction from its July 24 all-time high, SAHARA maintains a bullish structure supported by an impulsive wave count.
The recent launch of its Data Services Platform shows that the team is working to improve the project.
SAHARA will invalidate the bullish prediction if the price drops below $0.095.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
