2025-12-24 15:22:03

SQD/USDT shows a classic double-top pattern on the 1-hour chart. The price faced strong resistance at 0.07280 during both peaks, but interestingly, the second high was accompanied by a surge in volume to the 46.88 million level, yet the price failed to break the previous high—this phenomenon of "ample volume but lagging upward momentum" usually indicates the exhaustion of bullish strength.

From a technical indicator perspective, the signals are quite clear. The middle band of the Bollinger Bands has turned downward from the 0.06834 level, and the price has subsequently broken below the 0.06800 support. Regarding MACD, the red histogram bars are gradually weakening, and the DIF and DEA are about to form a death cross. The KDJ is in the high zone of 80-85, with the J line showing signs of turning. RSI(6) has reached around 71.88, approaching overbought levels, forming a bearish divergence with the price movement.

These signals combined make the bearish trend quite clear. If considering an entry, the 0.06800-0.06900 range is worth watching, with the first target around 0.06000.

SQD36.99%

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NullWhisperer

· 6h ago

high volume rejection at .0728 is actually the tell here—quantity without conviction screams exhaustion. that topside divergence hits different when you stack it with the macd death cross brewing. technically speaking, this setup's got all the right ingredients for a short, but ngl the .068 support needs to actually break first before getting cocky about it.

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AirdropHunterXM

· 6h ago

Price-volume divergence, this wave of bears won't escape, 0.068 can be a good entry point.

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LiquidationWatcher

· 6h ago

ngl this sqd setup is screaming capitulation... volume spike but price can't break? been there, lost that lmao. that dead cross forming is gonna hurt someone's health factor fr fr

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SocialAnxietyStaker

· 6h ago

The divergence between price and volume is back again, it feels like it's always like this... --- If you can't break the double top, you have to run, or you'll get caught again --- I saw the 0.068 level coming a long time ago, just waiting for the rebound to smash through --- Once the death cross is confirmed, it will definitely go down, just like before... --- Speaking of bearish divergence, it's quite accurate. I learned my lesson last time --- With such high volume, if it can't break through, it's quite interesting, huh --- All the bearish signals are in place, I’d rather wait patiently for a breakdown before acting --- RSI is already over 71, and it still wants to go up? Dream on --- If this wave breaks 0.06, it will definitely continue to decline, but it still feels far away

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