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SQD has recently performed strongly, starting its rally from a bottom of $0.03836 and recently breaking through $0.06717 to hit a new high. The 24-hour increase reached 55.74%, completely breaking free from previous suppression.
Behind this upward trend, a trading volume of 295 million USDT fully reflects the market's enthusiasm for participation. The positive performance of capital indicates that investors are optimistic about SQD's future movement. The previous support level has been left far behind, and the current price has doubled compared to the historical low.
From a technical perspective, breaking through and then retesting is not easy. However, considering the upward momentum and capital cooperation, continuing to challenge the previous high resistance at $0.11360 is also possible. Such a rise in price combined with trading volume often indicates a relatively solid market trend. Investors who have caught the rhythm have already gained considerable profits, and those who missed early positioning still have opportunities to find entry points during retracements.