SAHARA Token Plunges 45% After Token Unlock Sparks Selling Pressure
SAHARA, the native token of Sahara AI, plunged about 45% intraday, falling to an intraday low of $0.0346 (Binance) and trading around $0.04426 — roughly 45.6% below its 24‑hour high of $0.08141. The drop occurred shortly after a scheduled token unlock (plotted for Nov. 26, 2025), raising concerns about increased circulating supply and selling pressure; roughly 75% of SAHARA tokens remain locked according to prior analysis. Technical analysis from Bitget Insights cited a rejection of an ascending trendline and a break below horizontal support as bearish signals. Major backers such as Pantera Capital and Polychain are noted investors, but the Sahara AI team has not issued an official response to the price movement. Key implications for traders: elevated short‑term downside risk due to unlocked supply and negative technical momentum; monitor future unlock schedules, on‑chain transfer activity, exchange inflows, and any official communications from the project for signs of capitulation or stabilization.
Bearish
The news points to a bearish short-term outlook. A ~45% intraday drop coinciding with a token unlock indicates increased supply-driven selling pressure — a classic catalyst for price weakness. Technical confirmation (rejection of an ascending trendline and breach of horizontal support) reinforces momentum to the downside. Absence of an official team response adds uncertainty and may exacerbate volatility. Historical parallels: other tokens often suffer sizeable declines around scheduled unlocks (vested team/vested investor unlocks) when recipients sell into the market (examples include multiple altcoins during past unlock cycles). Short-term traders should expect elevated volatility and downside risk; strategies may include tightening stops, reducing long exposure, or waiting for on-chain signs of sell-side exhaustion (falling exchange inflows, reduced transfer activity from large holders). For the medium-to-long term, fundamentals (project adoption, utility, and investor backing) matter, but repeated large unlocks without clear lockup management can structurally pressure price until supply is digested or demand increases.