🚀 $SQD (Subsquid) Breakout Momentum Building! 📈
$SQD is showing strong bullish strength on the 1H chart, trading around $0.0382 after a powerful 12.5% surge. The recent breakout from the $0.033 zone was backed by strong volume, signaling renewed buyer interest.
🔍 Technical Highlights:
✅ Strong impulsive move from $0.0328 support
✅ Price holding near session highs after breakout
✅ RSI above 70 reflects strong momentum
✅ Bullish consolidation just below resistance
🎯 Key Levels to Watch: • Support: $0.0370 - $0.0375
• Resistance: $0.0390 - $0.0400
• Breakout Target: $0.0420+
The current consolidation near the highs is a positive sign, suggesting bulls are defending gains rather than taking aggressive profits. A decisive move above $0.0390 could trigger the next leg upward.
⚠️ With RSI in overbought territory, short-term pullbacks are possible, but the overall structure remains bullish while price stays above support.
#SQD #Subsquid #BinanceSquare #Web3 #DeFi 🚀🔥📊