$SQD has been solidified by big money at the 0.038 floor, and those who are late to the party are still figuring out what this coin is about.
The recent fund movements arenโt just some random pump โ
a bunch of smart money has been stacking long positions around 0.038, with take-profits set from 0.05 to 0.1, effectively turning this support level into steel.
24-hour trading volume is 4.92 million bucks, corresponding to a market cap of 43.85 million, with a turnover rate exceeding 11%. This volume is definitely not some retail traders jumping on a trend.
Behind this isnโt just a pump-and-dump scheme; someone has their eyes on the solid demand for Subsquid โ
Web3 is in desperate need of reliable on-chain data indexing tools. The previous lack of price action was due to scattered chips, but now that consensus has formed around 0.038, itโs like giving all the bulls insurance.
Next, weโll either see a push to 0.05 to shake out floating positions, or a direct surge to 0.07 to blow up the shorts.
I can confidently say that anyone daring to chase long around 0.042 either truly understands on-chain infrastructure or is an old hand following the big money.
Donโt talk about small market cap and high risk; this kind of coin with real fundamentals and funding consensus is way more stable than those hundred-fold coins that rely on pump calls โ
if it breaks 0.045, Iโm doubling my long position.
For those holding $SQD, whatโs your take-profit set at? And for those who havenโt hopped on, are you brave enough to scoop some up around 0.04?
#SQD #ๅ ๅฏ่ดงๅธ #Web3