SQD Surges Above Key Averages, Re-Enters $0.19–$0.28 Zone With Resistance in Sight

The SQD shot up more than 50%, pulling past the 200MA and 200EMA, and on high buying.

Price was back to the range of 0.19-0.28, and above the crucial resistance of 0.18723.

Daily closes below $0.20089 are crucial to keep mid range structure and test resistance at $0.2317.

SQD posted a sharp rally, rising over 50% from its recent lows around $0.125. This action elevated the token back into the dangerously contested mid-range between roughly $0.19 and $0.28. Its current price is $0.1945 after gaining 29.0% over the last 24 hours.

This sharp recovery followed multiple tests of the lower boundary, coupled with growing volume on the daily timeframe. The new bullish momentum saw the asset surpass its 200-day moving average (200MA) as well as its 200-day exponential moving average (200EMA) to levels of $0.15024 and $0.16497 respectively.

Rebound from Support Zone Aligns With Volume Expansion

The move started out around the $0.12517 touchpoint, which had been a high support point and had earlier acted out as a counterattack region. This rebound was also accompanied by significant volumetric growth as more trades were made as the market recovered. This coincidence of the volume and price action reinforced this break above the 200MA and 200EMA areas. These moving averages had previously capped several rallies throughout July, making the breakout significant from a structural standpoint.

Source: ( X )

Following the breakout, SQD cleared interim resistance near $0.18723. The price is now holding above this level, suggesting a short-term shift in trend structure. As of the last daily candle, buyers maintained control with strong momentum, although the market is currently awaiting confirmation via daily closes around this new zone.

Key Range Re-Entry Offers Technical Relevance

Now back at $0.20089, SQD is back in the mid-range zone between $0.18723 and $0.28110. This range has been a magnet area for prices previously, one that tends to pull out consolidation before more meaningful directional progress. In the range, the next technical resistance is at $0.2317, a former point of rejection late in May. If price action keeps up, then traders will be observing whether volume remains within this key price range.

Daily Close Levels Remain Crucial in the Near Term

Market participants are closely watching daily closes to assess the sustainability of this recent surge. A consistent close above $0.18723 may provide structural confirmation that SQD has reclaimed its mid-range territory

However, without strong closes in this region, the current price level could remain vulnerable to intraday fluctuations. Monitoring both volume and price interaction near the $0.2317 resistance will remain essential as the market progresses through the week.