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$SQD | On-Chain Accumulation Update
On-chain data shows a fresh wave of accumulation around the current price range:
• 8 fresh wallets accumulated 52.44M $SQD (~$3.86M) from Coinbase
• A new Top 3 EOA has emerged, accumulating 60.96M $SQD (~$4.48M) from Bybit
Zooming out, CEX flows on the higher timeframe still trend net outflow, suggesting tokens are being absorbed off exchanges rather than distributed.
This setup points to ongoing accumulation pressure building at these levels—worth monitoring if inflows from fresh wallets continue.
Long $SQD (Max 7x)
- Entry: 0.07 - 0.07214
- TP: 0.078 - 0.0869 - 0.09261
- SL: 0.06683
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