$SQD – Long Downtrend With a Faint Attempt to Recover
$SQD is currently trading around 0.05594, down -22.33% on the day. Price tapped an intraday high near 0.08529 and slid back to a low around 0.04546.
The chart shows a heavy macro downtrend from the previous peak at 0.27975, with only short-lived spikes in between. Recent volume increased slightly during the bounce attempt, but demand quickly faded, showing buyers aren’t confident enough yet.
Key Levels
Support: 0.04546, 0.03375
Resistance: 0.08529, 0.13683
Trend remains bearish, dominated by lower highs and consistent sell pressure. Any green candles appear more like temporary relief moves than true trend reversals.
Trade Idea
If price holds above 0.04546, a slow recovery toward 0.08529 is possible, but the move needs stronger volume.
If 0.04546 breaks again, the chart opens room toward 0.03375, where long-term buyers may finally step in.
Main point:
$SQD is still in a clear downtrend, and bulls need real volume and a breakout above resistance to shift momentum.
