Driven by macro risk aversion sentiment, SQD remains under short-term pressure and has recently pulled back to test the key support zone at $0.030–$0.031. Technical buying is starting to enter, intensifying the long-short divergence. If this area holds, bulls may challenge the resistance at $0.033–$0.034; if it fails, further downside potential may open up. As the current volatility is mainly sentiment-driven and the project's fundamentals offer limited price support, investors are advised to monitor the effectiveness of the $0.030 support level. Short-term trading should focus on range-bound strategies, and aggressive long positions must use strict stop-losses.

Recently, demand for put options in the Bitcoin options market has greatly exceeded that for calls, reflecting investors' rapid avoidance of downside risk. As a result, along with geopolitical tensions driving up oil prices and inflation concerns, risk appetite has declined significantly, causing altcoins including SQD to face downward pressure. In recent trading sessions, SQD started to drop from around $0.0325, reaching a low of $0.03044 on April 14, displaying typical risk-aversion-driven pullback characteristics.

On the daily candlestick chart, SQD formed initial support near $0.0305, with buyers stepping in at this level. With increased trading volume, an overnight reversal produced a hammer candlestick with a long lower shadow, and the price swiftly rebounded to $0.0319, intensifying short-term long-short divergence. Resistance at around $0.0330 still remains, but if the $0.030–$0.031 support zone holds, bulls may further test the $0.034 risk level.

This news mainly reflects overall market sentiment fluctuations and is not directly related to SQD's ecosystem development or protocol upgrades. The medium- and long-term value of the token still depends on milestones in the project roadmap and actual on-chain application. After the short-term risk aversion subsides, price action is more likely to return to a trend driven by real project progress.

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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SQD price today is 0.03, with a live price change of 2.07 in the last 24 hours. Convert, buy, sell and trade SQD on Bybit-eu.

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