Driven by the macro stimulus of the Federal Reserve ending quantitative tightening (QT), SQR has seen a clear short-term sentiment recovery, with the price showing a narrow-range oscillation between 0.00119 and 0.00130. The key short-term focus is on a breakout from this range. In the medium to long term, macro liquidity has not shifted to an easing stance, and the capital diversion to the AI theme continues to suppress overall valuations, leaving SQR lacking momentum for a sustained rise. It is recommended to use a range-trading strategy in the short term; a breakout above 0.00130 can be followed with small positions, with the next resistance at 0.00140. If it falls below 0.00119, it is advised to stop loss promptly. In the medium to long term, it is best to wait for further clarity in policies and fundamentals; heavy positions are not recommended at this time.

On December 1, the Federal Reserve officially ended quantitative tightening. The overall crypto market rebounded markedly, with BTC and ETH both surging. This round of macro easing signals also brought a renewed risk appetite for small-cap tokens, leading to increased trading volume and a mild price rally for SQR on December 2 and 3, strengthening short-term sentiment.

Since mid-November, SQR has rapidly dropped from the 0.00268 high to below 0.00155, then consolidated in the 0.00119–0.00124 range. Currently, the price has retreated from the December 3 high of 0.00128 to a narrow consolidation between 0.00121 and 0.00123. Trading volume has significantly declined from its peak, indicating pronounced wait-and-see attitudes from both bulls and bears. Short-term support is concentrated in the 0.00119–0.00120 range, while resistance lies at 0.00128–0.00130. An effective breakout of this range needs close attention.

Although ending QT has released liquidity, the market has not yet truly entered a quantitative easing phase, so the continuation of the crypto market uptrend remains uncertain. On the other hand, the emerging AI theme is driving capital diversion, which dampens the attractiveness of crypto assets. In the absence of major follow-up policy shifts or substantial ecological progress, SQR may continue to consolidate or oscillate at the bottom, making it difficult for bulls to gain full control in the medium to long term.

Magic Square

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