Strategic Bullish Outlook $SQD
Buy Zone: $0.0550 – $0.0575 (Retest of breakout level).
Sell Targets: $0.0654 (TP1), $0.0685 (TP2).
Stop Loss: $0.0510 (Below the recent structural swing low).
Subsquid $SQD has signaled a trend reversal on the M30 timeframe, breaking out of a descending wedge with high-volume conviction. This technical strength aligns with the growing narrative of decentralized data indexing for AI applications. Following the breach of the 0.055 resistance, the asset is now targeting psychological and structural milestones. Traders should look for stability above current support to validate the next leg up.
Trend: The breakout from the corrective phase is confirmed by a significant spike in trading volume (approx. 76M SQD), indicating strong institutional or "smart money" interest.
Indicators: The price is maintaining a position above the Bullish Order Block (Bu-OB) around 0.040, with the immediate structure supporting a continuation toward the 0.065 range.
Fundamentals: SQD’s role as a decentralized data lake for AI and Web3—bolstered by its expansion on major exchanges like Coinbase and Bitso—is driving the current narrative-led demand.
SQDUSDTPerp0.07132+70.66%
