🚀 $SQD (Subsquid) Technical Analysis Update:
$SQD is currently showing a strong comeback in the market. The reclaimed EMAs and the formation of higher lows indicate that bulls are regaining control.
Price Prediction: The price could show an up move of further 12% to 18% from here if it breaks the $0.0722 resistance zone. Targets can easily reach $0.0785.
Support Zone: Strong support is between $0.0675 – $0.0685. As long as the price sustains above this zone, the momentum will remain bullish.
Why Up? (News & Analysis): Recently, a major update of Subsquid SDK (Jan 15) and the launch of "Revenue Pools" have increased utility. Additionally, the upcoming strategic partnership with Rezolve AI and the demand for AI data have led analysts to expect an increase in price.
With steady recovery, indicators (RSI and MACD) are in the positive zone, indicating a safe bullish trend.
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