Subsquid ($SQD) is showing strong signs of life today, pumping over 10% and testing local resistance levels. After a period of consolidation, the bulls are finally stepping back in! 🚀
The Technical Setup: 📊 Support Held: Price successfully defended the $0.040 zone, forming a solid base for this move. ⚡ Momentum: RSI is sitting in a healthy neutral zone (~37), suggesting this rally isn't overbought yet. 🎯 Targets to Watch:
Target 1: $0.074 (Immediate Resistance)
Target 2: $0.082 (Major Breakout Point)
Target 3: $0.097 (Previous Local High)
Strategy: Watch for a clean daily close above $0.074 to confirm a continuation of this uptrend. If volume continues to build, we could see a push toward the $0.10 psychological level.
Remember to manage your risk and set your stop-losses! 🛡️
What do you think? Is $SQD ready to fly or just a relief bounce? Let me know below! 👇
#Subsquid #CryptoTrading #TechnicalAnalysiss #BinanceSquareFamily #altcoins $SQD
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always DYOR (Do Your Own Research) before trading.
