Latest Ridges AI (SN62) Price Analysis

Deep Dive

1. Technical Correction (Bearish Impact)

Overview: SN62’s price ($26.40) dipped below its 7-day SMA ($28.19) and 23.6% Fibonacci retracement level ($28.29), while the MACD histogram turned negative (-0.14698) for the first time in 30 days.

What this means: The bearish MACD crossover and RSI14 cooling from 70 (overbought) to 59.87 suggest fading upward momentum. Historically, breaks below the 23.6% Fib level ($28.29) have preceded 10-15% pullbacks during SN62’s uptrend.

What to look out for: A sustained close above $28.29 could invalidate the bearish setup, while a drop below $25.09 (38.2% Fib) may accelerate selling.

2. Profit-Taking Pressure (Bearish Impact)

Overview: SN62’s 24h trading volume spiked 38.99% to $9.62M, aligning with its steepest daily drop since 14 August 2025.

What this means: The volume surge during the decline points to distribution—traders locking in profits after a 808% 90-day rally. With SN62’s turnover ratio at 0.288 (vs. market average 0.0315), its low liquidity exacerbates volatility during sell-offs.

3. Market-Wide Dip (Mixed Impact)

Overview: SN62’s 24h drop outpaced the total crypto market’s 0.98% decline, despite the Altcoin Season Index rising to 71 (up 34% weekly).

What this means: While altcoins broadly gained favor, SN62’s underperformance suggests coin-specific headwinds. Its high beta (4.09x market volatility) magnified losses during a risk-averse session where open interest in derivatives fell 4.5% weekly.

Conclusion

SN62’s dip reflects a technical breather after unsustainable gains, amplified by low liquidity and broader caution. While mid-term fundamentals remain untested, the 30-day SMA ($22.34) could act as support if selling persists.

Key watch: Can SN62 reclaim $28.29 (23.6% Fib) to resume its uptrend, or will profit-taking push it toward $22.51 (50% Fib)?

Deep Dive

1. Technical Breakout (Mixed Impact)

Overview: SN62 trades at $29.29, above its 7-day ($27.42) and 30-day ($21.25) moving averages, signaling short-term bullish momentum. However, the RSI-14 at 63.58 nears overbought territory (70+), suggesting potential consolidation.

What this means: Sustained price above key moving averages reflects buyer confidence, but weakening volume (-19% in 24h) and flat MACD histogram (+0.0078) hint at fading momentum. A close below the 23.6% Fibonacci retracement ($28.11) could trigger profit-taking.

What to look out for: Whether the price holds above $28.11 support or faces resistance near its swing high of $33.46.

2. Altcoin Season Tailwinds (Bullish)

Overview: The CMC Altcoin Season Index rose 95% in 30 days to 66/100 (as of 12 September 2025), signaling growing capital inflows into smaller cryptos like SN62.

What this means: SN62’s 907% 90-day gain aligns with this rotation, as traders seek high-beta assets during risk-on phases. However, its self-reported market cap of $37.1M and low dominance (0% per CMC) expose it to volatility if sentiment shifts.

3. Low Liquidity Volatility (Neutral)

Overview: SN62’s turnover ratio (volume/market cap) is 0.24, above the threshold (0.1) for stable liquidity, but 24h volume fell 19% to $8.9M.

What this means: While current liquidity supports near-term price discovery, declining volume amid a neutral Fear & Greed Index (50/100) suggests cautious participation.

Conclusion

SN62’s mixed technicals and altcoin rotation tailwinds create a tug-of-war between profit-taking and momentum chasing. Key watch: Can SN62 hold $28 support amid broader market stability (total crypto cap: $4.02T, +1.34% 24h)?