#Binance $SQD

Technical Analysis SQD/USDT (time-frame 4h) – July 29, 2025

Market News and Sentiment:

Current Price: $0.20309

24-hour Increase: +37.93%

Trading Volume: 279.73M SQD

RSI (6): 92.93 (Overbought)

Strong Resistance: $0.2069

Strong Support: $0.15745

SQD/USDT has recorded a significant price spike in the last 24 hours, breaking through an old consolidation zone ($0.139–$0.157) with high volume, marking a validated breakout. Currently, the price is trading at a local peak around $0.203 with the RSI indicating extreme overbought conditions.

In the next 1–2 days, the price may see a slight correction to $0.175–$0.185 (retest support).

If it manages to hold above this zone, it is likely that the price will rise again to $0.220–$0.235.

Failing to hold above $0.157 could see the price drop back to the old consolidation area at $0.139–$0.145.

SQD/USDT Spike: Is This the Beginning of a Major Trend?

The SQD/USDT token has come into the spotlight after recording an increase of more than 37% in the last 24 hours, breaking through a key resistance level that had held the price for over 2 weeks.

Main Causes of the Increase:

Increased institutional volume, suspected large accumulation by whales.

Positive community sentiment following the announcement of the SQD project partnership (not yet officially confirmed).

Strong technical breakout with very high volume attracting breakout traders.

According to market analysts, this increase could be part of a medium-term movement towards the price range of $0.25 – $0.30, provided there is no sharp correction or sudden negative sentiment.

However, the very high RSI indicates that the market is hot, and a healthy correction is necessary to keep the trend healthy.

My Recommendation:

Watch for Pullback: Ideal entry at $0.175–$0.185.

Profit Target: $0.220 (conservative), $0.235+ (expansive).

Stop Loss: Below $0.157 (breakout support).

Use Money Management of 1–2% risk per position to maintain capital sustainability.