After a prolonged downtrend, SQD/USDT has reached a significant support zone between $0.13–$0.137, where a local bottom appears to be forming. The WT_LB oscillator is showing a positive divergence — price is making lower lows while the indicator is making higher lows — which often signals a potential reversal. The price is beginning to consolidate above the support, with early signs of strength emerging through small breakouts. If the pair breaks above the $0.15–$0.16 resistance range, momentum could accelerate, potentially driving the price toward the $0.20 target, aligning with the previous high from early July.
Potential TP: 0.20 USD
Potential TP: 0.20 USD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.