Deep Dive
1. Technical Rebound (Bullish Impact)
Overview: PEAQ’s price recently tested a support zone between $0.056–$0.06, forming a rare triple-bottom pattern historically followed by rallies (Web3Niels). The 7-day RSI (64.81) suggests bullish momentum without overbought conditions.
What this means: Traders likely bought the dip, anticipating a repeat of prior rebounds. The 7-day SMA ($0.0634) now acts as support, while a break above the 30-day SMA ($0.0646) could signal further upside.
What to look out for: Sustained closes above $0.07 (near the 23.6% Fibonacci retracement) to confirm bullish continuation.
2. Exchange Listings & Visibility (Mixed Impact)
Overview: PEAQ was listed on Kraken, Binance Alpha, and five other exchanges in July–August 2025, expanding accessibility. However, its September 12 token unlock (6.38% of supply, $5.6M) risks dilution.
What this means: Listings initially boosted liquidity and speculative interest, but the unlock could offset gains. For context, Aptos’ larger $48M unlock on September 11 may set a market-wide tone for token releases.
3. Staking-Driven Supply Shock (Bullish Impact)
Overview: Over 13M PEAQ ($887K) is staked on Gate.io at 50% APRs, incentivizing long-term holding. This reduces sell-side pressure and aligns with peaq’s DePIN narrative of tokenizing real-world machines for yield.
What this means: Staking absorbs circulating supply, creating scarcity-driven upside. However, high APRs could indicate inflationary tokenomics if not balanced by utility demand.
Conclusion
PEAQ’s 24h rise reflects technical buying, reduced liquidity from staking, and residual momentum from recent exchange listings. However, the September 12 unlock and broader market’s neutral sentiment (Fear & Greed Index: 44) warrant caution.
Key watch: Can PEAQ hold above $0.067 (current price) post-unlock, or will profit-taking reverse gains? Monitor trading volume trends and Bitcoin’s dominance (57.45%), which currently favors altcoins.