Deep Dive
1. Market-Wide Risk-Off Sentiment (Bearish Impact)
Overview: The entire crypto market sold off on February 4–5, 2026, with the total market cap dropping 3.36% to $2.48 trillion. The CMC Fear & Greed Index sits at "Extreme Fear" with a score of 11, its lowest level since November 2025. Bitcoin dominance remains elevated at 58.8%, signaling capital rotation away from riskier altcoins.
What this means: In such environments, even tokens with strong fundamentals like SD—which boasts a $558 million Total Value Locked (TVL) and major DeFi integrations—face indiscriminate selling pressure. Traders reduce exposure to higher-beta assets, leading to underperformance relative to Bitcoin. The lack of SD-specific negative news suggests this decline is primarily macro-driven.
What to look out for: A sustained rebound in the total crypto market cap and a shift in the Fear & Greed Index out of "Extreme Fear" territory could provide relief.
2. Persistent Technical Downtrend (Bearish Impact)
Overview: SD's price of $0.172 is significantly below its key moving averages: the 7-day SMA at $0.180, the 30-day SMA at $0.233, and the 200-day SMA at $0.449. The MACD line is negative at -0.020, below its signal line, indicating bearish momentum. The RSI-7 is deeply oversold at 15.83.
What this means: These indicators confirm a strong and established downtrend. The distance from the moving averages shows persistent selling, with no immediate support from medium-term buyers. While the oversold RSI hints at a potential near-term bounce, it hasn't yet signaled a reversal. The price is testing the recent swing low of $0.1645; a break below could trigger further declines.
Key watch: Holding above the $0.1645 swing low is critical for short-term stability; a break below may target the $0.127–$0.130 zone.
Conclusion
SD's 24-hour decline is a microcosm of a risk-off move across crypto, where solid project fundamentals are overshadowed by broad market fear and technical selling pressure. For holders, this highlights SD's current high correlation to overall market sentiment rather than its own performance metrics.
Key watch: Can SD hold the $0.1645 support level, and will a broader market rebound lift altcoins out of extreme fear?