Market Overview:$SQD #BinanceAlphaAlert
Current Price: $0.066454
24h Change: +53.58% (Strong bullish momentum)
Market Cap: $64.31M
Fully Diluted Valuation (FDV): $88.90M
Liquidity: $580,579.61 (Relatively low compared to market cap, watch for slippage)
Technical Analysis Summary (15m Chart)
1. Price Action:
The asset saw a massive vertical pump, peaking near $0.076. It is currently in a pullback/correction phase, finding some temporary support around the $0.064 - $0.066 range.
2. Indicators:
Stochastic RSI: Currently dropping rapidly (around 13.66). This indicates the asset is approaching the oversold zone. A potential "buy" signal or bounce may occur once the yellow line crosses back above the purple line at the bottom.
OBV (On-Balance Volume): Showing a slight downtick after a peak. This suggests some profit-taking is happening, but the overall trend remains higher than earlier sessions.
Volume: Recent candles show high selling volume (red bars), confirming the current correction. However, the moving averages (MA 5/10) are still relatively high.
Trading Strategy Outlook
Bullish Scenario: If the price holds the $0.064 level and the Stochastic RSI curls upward, we could see a retest of the $0.071 and $0.076 resistance levels.
Bearish Scenario: If it breaks below $0.064, the next significant support zone is around $0.058.
