Date: Mon, May 12, 2025 | 06:10 AM GMT
The cryptocurrency market continues to build on its recent strength, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. BTC has crossed the $104K mark, while ETH has soared by 59% in the past 30 days.
This bullish wave is spilling into altcoins too, including Xai (XAI), which managed to record impressive gains of 127% following a key breakout. Meanwhile, Saga (SAGA) also kicked off a rally with 92% gains and is showing signs of following a similar bullish path.
Source: Coinmarketcap XAI and SAGA Fractal Analysis
In the daily chart (left side), XAI broke out from a classic cup and handle formation — a well-known bullish reversal pattern. This breakout pushed the token from around $0.06 to a high of $0.10, marking a 60% gain post-breakout and a total surge of over 134%. Now, XAI is testing a crucial resistance zone near $0.11, marked in orange, which could determine its next move. If it successfully flips this zone into support, another leg up could follow.
On the right side, SAGA is painting an almost identical setup. It also formed a cup and handle structure and has just confirmed its breakout with strong bullish candles. Currently trading around $0.43, SAGA is still over 60% below its key resistance zone near $0.70–$0.75. However, if it continues to mirror XAI’s path, this could just be the beginning of a much larger move.
What’s Next?
If the broader market remains bullish and buying pressure continues, SAGA could follow XAI’s lead and surge towards the $0.70+ resistance area — which would represent a potential 60%+ upside from current levels. Momentum traders and pattern watchers may be keeping a close eye on this fractal similarity.
However, both tokens are approaching or heading toward major resistance zones, which may trigger profit-taking or temporary rejections. It’s crucial to monitor volume and breakout confirmations before entering trades.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
