Sahara AI [SAHARA] was up around 21% at press time as the AI token attempted to recover following its early sharp price crash. According to reports from AMBCrypto, the daily trading volume has increased by 342%, surpassing $124 million. The price surge came after the token experienced a 60% crash two weeks ago, with the team denying any involvement and attributing the decline to normal trading dynamics and broader crypto market structure. The latest rally was further boosted by the announcement of a comprehensive roadmap that includes extended lockup periods and a buyback program to stabilize supply.
Sahara AI announced a comprehensive roadmap that includes extended lockup periods and a buyback program to stabilize supply. As reported by AMBCrypto, investor unlocks would be pushed back by three months while founder, core team, and advisor unlocks would be postponed for six months to ensure the circulating supply remained intact at least in the short term. The team also announced plans to introduce a buyback program for their long-term treasury strategy, which would be funded by their revenue. However, they dismissed token burns and do not plan to introduce one with the supply fixed, focusing instead on market stabilization through active buying.
According to Tokenomist AI and AMBCrypto, there is still impending selling pressure from the upcoming token unlocks. 30.10% of the released supply would hit the market in less than three days, equivalent to 1.03 billion SAHARA tokens worth $14.75 million. The altcoin remains below its June low, trading near $0.01315. To reclaim its pre-crash market cap, SAHARA must hold the neckline as support, otherwise, the altcoin may continue declining as its market structure remains bearish. The lockup extensions announced by the team do not affect this immediate supply event, as the scheduled unlocks are moving forward regardless of longer-term restructuring plans.
According to AMBCrypto analysis, SAHARA broke above a descending trendline on the hourly chart, but its price was pulling back for a retest. The Bull Bear Power indicator showed buyers were in control while CVD affirmed the buying pressure. Over 29 million SAHARA were bought after the recent tweet, indicating strong investor sentiment. However, on the daily chart SAHARA was trading below the low created by the 67% crash, after invalidating the bullish reversal pattern on the retest of the neckline at $0.03. The tension between hourly optimism and daily-chart bearishness creates a divergence that catches traders off guard, with short-term buying pressure existing within a broader market structure that remains bearish.
