Price activity in the Sky token has registered a moderate price gain of over 5%. As modest as this may seem, it was enough to recover the coin above a vital technical level. As a result, this token has kept to its upward path.
SKY Statistics
Current Price: $0.05829
Market Capitalization: $1.33B
Circulating Supply: 22.93B
Total Supply: 23.46B
CoinMarketCap Rank: 50
Key Levels
Resistance: $0.0600, $0.0700, $0.0800
Support: $0.0550, $0.0500, $0.0450
Sky Market Regains Bullish Traction
The SKY/USDT market dipped in the previous session, but the ongoing session has been able to return to trading above the 9-day Exponential Moving Average (EMA) line.
Meanwhile, the Stochastic Relative Strength Index (SRSI) indicator lines are falling toward the 60 threshold. Nevertheless, the lines of the SRSI have almost no reflection of the current stance of the ongoing session. This market, however, still has the potential to push its way upwards.
The Sky 4-hour price chart reveals how price action has steadily recovered toward higher price levels. The last two price candles on this chart are green, with that of the previous session appearing bigger than that of the latest one.
However, price is trading below the 9-day EMA curve. Meanwhile, the SRSI indicator lines are now converged for an upside crossover in the oversold zone of the indicator. Consequently, this market still has what it takes to reach higher levels over subsequent sessions. Therefore, this market may push toward the $0.0600 price level.
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