SubQuery Network (SQT) Price Prediction

Deep Dive

1. Project-specific catalysts

SubQuery’s $60M Consumer Rewards Programme (SubQuery) incentivizes developers to build on its multichain data infrastructure, potentially increasing SQT utility. The July 2025 launch of its AI-powered GraphQL Agent simplifies querying for non-technical users, targeting broader adoption across 300+ chains.

However, the mainnet’s February 2024 launch has yet to reverse SQT’s -39% 90-day price decline, suggesting adoption gains may need time to materialize.

2. Market & competitive landscape

SubQuery positions itself as a multichain alternative to The Graph (GRT), indexing nearly 300 networks vs. GRT’s Ethereum focus. Its pivot to AI infrastructure (e.g., hosting AI models) differentiates it in the DePIN sector.

But with a self-reported market cap of $2.87M, SQT remains a microcap vs. GRT’s $2.1B, leaving it vulnerable to liquidity shocks.

3. Technical outlook

• Bearish momentum: Price ($0.00102) below 7-day SMA ($0.0011348) and 200-day EMA ($0.0021505).
• RSI 44.31 suggests neutral sentiment but risks breaking into oversold territory if selling continues.
• Key support at swing low $0.0010321 (16% below current price); a breach could trigger panic selling.

4. Sentiment & social metrics

Recent tweets highlight partnerships (e.g., StakeStone) and infrastructure milestones, but whales dominate 93.93% of supply (CoinMarketCap). This centralization risks abrupt price swings if large holders exit.

Conclusion

SQT’s path hinges on converting AI/product bets into usage growth while navigating thin liquidity and whale overhangs. Can SubQuery’s multichain + AI narrative attract enough developers to offset its technical headwinds?