🚀 SQD/USDT: Revaluing the Future of AI and Data
The SQD/USDT trading pair is experiencing a strong bullish trend, driven by both technical momentum and breakthrough fundamental news.
1. Technical Analysis (4-Hour Frame)
On the 4-hour frame, SQD has established a very strong medium-term bullish trend. The current price of $0.08813 is above all Moving Averages (MA), and the MACD indicator confirms that buying momentum is expanding.
• Confirmation signal: MA(7) has crossed above the longer MAs, signaling a clear trend reversal.
• Risk warning: The Relative Strength Index (RSI) is deep in the Overbought zone (above 77). This warns of the potential for a short-term price correction to cool the market.
• Important support levels: $0.06982 (MA(7)) and $0.05721 (MA(25)) are dynamic support levels to watch if the price corrects.
2. Fundamental Factors
The main driver of this growth is the news that Subsquid has been acquired by the major Artificial Intelligence (AI) company, Rezolve AI.
• New strategy: This deal positions SQD as "The Backbone of Data and Payments for the AI Economy." Subsquid will provide decentralized data infrastructure for AI applications, connecting blockchain technology with the growing AI sector.
• Tokenomics: The SQD token has been restructured to generate revenue from the protocol and features deflationary characteristics, aimed at increasing value for token holders as the network grows.
$SQD
