Exchange Listings Drive Visibility
Sapien (SAPIEN), a blockchain protocol focused on human-in-the-loop AI data solutions, was officially listed on Binance and Bitget on August 20. Following this, the token surged nearly 80%, pushing its market capitalization to approximately $71 million. Additional listings on Coinbase, Kraken, and KuCoin further expanded accessibility for global users.
A significant portion—75%—of SAPIEN tokens remains locked post-token generation event (TGE), limiting circulating supply and potentially reducing sell pressure in the short term.
Technical Indicators Show Bullish Momentum
On September 5, SAPIEN broke above the key $0.17 level, triggering a rally of over 70% and marking a new all-time high. This price movement broke through major resistance zones, indicating strong bullish momentum.
According to the chart analysis, the On-Balance Volume (OBV) is rising steadily, reflecting sustained buying interest. The Awesome Oscillator, while showing a red histogram bar, still signals strong upward momentum.
However, caution may be warranted. A bearish crossover on the Stochastic RSI suggests the possibility of a short-term pullback or consolidation. Traders might wait for a bullish crossover in the Stochastic RSI before considering new positions.
Key Support and Resistance Levels
Support levels are seen at $0.233 and $0.277. If a pullback occurs, the price may revisit these zones to gather liquidity, as highlighted in the latest Liquidation Map. “Liquidity clusters below the price were far larger than the ones above,” analysts noted.
On the upside, Fibonacci extension levels place the next targets at $0.355, $0.398, and $0.416. A decisive move above the $0.316 resistance with high volume could confirm further bullish continuation.
