SQD

Fundamental Analysis

Introduce

Subsquid Network is the hyper-scalable data access layer that powers your favorite dApp. In other words, it is an indexing protocol that provides the information blockchain applications need to deliver great user experiences.Subsquid powers hundreds of major projects across 150+ chains with Web3’s fastest and most cost-efficient decentralized data. You can enjoy DeFi apps, NFTs, games, social media and much more on Solana, Ethereum, and virtually any other network thanks to Subsquid.The network utilizes ZK technology for data validation and allows anyone to curate nodes via delegations. Let’s scale Web3 data together.

BasicInfo

Technical Analysis

Kline Data

Analysis

The asset exhibits a downtrend over the 30-day period, characterized by lower highs and lower lows. There are signs of high volatility with large price swings, especially mid-month. Volume spikes accompanied significant price movements, indicating strong selling pressure. The recent price action shows a potential stabilization, but remains within the downtrend channel. The downtrend seems to be accelerating in the last week of the period. There might be a bearish momentum with potential downside pressure in the near term.The high volatility and price decline suggest market uncertainty and a lack of strong buying support. Short term could see sideways movement if no clear catalyst for reversal. Overall the market appears to be in a bearish phase requiring caution. No clear signal of trend reversal is currently evident.