Deep Dive
1. Token Unlock Sell Pressure (Bearish Impact)
Overview: A 0.9% token supply unlock (valued at $7.61M) occurred on September 26, part of SAHARA’s vesting schedule. Historically, unlocks prompt early backers to take profits, especially in low-liquidity conditions.
What this means: The market likely front-ran this event, as seen in July 2025 when a $6.9M unlock preceded a 18% price drop. With SAHARA’s 24h volume at $31.8M (down 51% vs. July peaks), even modest selling can magnify declines.
What to look out for: Whether the circulating supply increase (now 2.29B tokens) stabilizes or triggers further dilution.
2. Technical Downtrend Acceleration (Bearish Impact)
Overview: SAHARA broke below the $0.077 pivot point, with the 7-day RSI at 29.57 (oversold but not reversing). The MACD histogram (-0.0014) confirms bearish momentum, while the price trades below all key moving averages (7-day SMA: $0.0817).
What this means: Technical traders likely exited as the breakdown invalidated short-term recovery hopes. The next support is the September low of $0.0747 – a breach could signal a retest of June’s $0.05 zone.
3. Crypto Market Pullback (Mixed Impact)
Overview: The total crypto market cap fell 2.6% in 24h, with Bitcoin dominance rising to 58.36%. AI tokens underperformed as risk appetite faded.
What this means: SAHARA’s correlation with AI narratives (e.g., Bittensor, Fetch.ai) leaves it exposed to sector rotations. However, its -3.19% drop outpaced the market, highlighting project-specific risks.
Conclusion
SAHARA’s decline reflects a trifecta of unlock-driven supply shocks, technical breakdowns, and sector-wide caution. While the unlock is a one-time event, reclaimed support near $0.075 could stabilize prices if market sentiment improves.
Key watch: Can SAHARA hold the $0.0747 swing low, or will rising sell-side liquidity push it toward yearly lows? Monitor exchange inflows post-unlock for supply absorption signals.