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Price action in the Skale market has, at times in the past, breached the resistance at the $0.07922 mark. However, subsequent retracements led to prices falling below this level. Currently, it seems the token has gathered enough momentum to decisively trade above this mark and beyond.
Skale Statistics:
Current SKL Value: $0.08368
SKL Market Cap: $439,819,787
Skale Circulating Supply: 5,156,686,004
SKL Total Supply: 7,000,000,000
SKL CoinMarketCap Rank: 125
Key Price Levels:
Resistance: $0.08368, $0.08450, and $0.08650
Support: $0.08300, $0.08200, and $0.08100
Skale Commences Trading Above the $0.08000 Mark
The SKL token appears to have convincingly started trading above even the $0.08100 mark on a daily basis. The ongoing session is supported by a level with significant bullish implications. The last price candle indicates support around both the psychological price mark at $0.08000 and the green lines of the Guppy Multiple Moving Average (GMMA). Simultaneously, the Stochastic Relative Strength Index (SRSI) indicator line has converged for a bullish crossover in the overbought region. With more traders picking up on this signal, prices may receive further upward momentum.
SKL Continues to Gain Momentum; Eyes the $0.08500 Mark
A new session has commenced in the Skale 4-hour market, with bulls maintaining control. This has further propelled the market above the GMMA lines, reinforcing bullish sentiment. Similarly, the SRSI indicator lines continue to exhibit a steep upside trajectory following the previous crossover. Additionally, the considerable distance between the leading and lagging lines of the indicator suggests moderate volatility, potentially advancing the market toward the $0.08500 mark swiftly. Therefore, traders can continue the US of their bullish crypto signals with targets around the $0.08520 mark.
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