SQD Rallies 29.0% in 24 Hours, Surpasses 200MA and 200EMA

SQD has experienced a sharp upward movement, surging over 50% from its recent lows near $0.125 and reclaiming key technical levels within the $0.19–$0.28 range. This rally has seen the price surpass both the 200-day moving average (200MA) and the 200-day exponential moving average (200EMA), currently trading at $0.1945 after a 29.0% gain in the last 24 hours [1]. The move was fueled by a rebound from the critical support level around $0.12517, which had previously acted as a key counterattack zone [1].

The upward momentum was supported by a noticeable increase in daily trading volume, reinforcing the breakout above key moving averages. These levels had previously restricted rallies in July, making this recent breakout structurally significant [1]. SQD has also moved past an immediate resistance at $0.18723, now holding above that level, which may indicate a short-term shift in trend dynamics [1].

The token’s return to the mid-range zone between $0.18723 and $0.28110 has drawn attention from traders and analysts. This area has historically acted as a consolidation zone before more decisive directional moves. The next key resistance lies at $0.2317, a level where prices were previously rejected in late May. If SQD continues to hold within this range, volume patterns will be closely monitored to assess the strength of the price action [1].

Daily closing levels above $0.18723 are seen as critical for confirming a sustainable re-entry into the mid-range structure. Traders are watching for confirmation of this trend through consistent closes in the new price zone. However, without strong closing support in this area, the current price level remains exposed to intraday volatility. As SQD moves toward $0.2317, continued volume and price interaction will be essential for determining whether the upward trajectory holds [1].

Source: [1] SQD Surges Above Key Averages, Re-Enters $0.19–$0.28 Zone With Resistance in Sight (https://cryptonewsland.com/sqd-surges-above-key-averages-re-enters-0-19-0/)