Sky (SKY) Posts Only Minimal Gains but Stands Prominent

The Sky token was able to secure the second spot among the day’s top-performing coins. Although this is the lowest position on the list, it is still worth noting. Let’s take a closer look at this market below.

SKY Statistics

Current Price: $0.0646

Market Capitalization: $1.5B

Circulating Supply: 22.99B

Total Supply: 23.46B

CoinMarketCap Rank: 50

Key Levels

Resistance: $0.06500, $0.07000, $0.07500

Support: $0.06000, $0.05500, $0.05000

Sky Token Has a Good Base to Keep Heading Up

The SKY/USDT market has made a notable upside recovery over the past sessions. Also, the ongoing session can be seen trading above the 9-day Exponential Moving Average (EMA) line.

Likewise, it is green, and as a green price candle, it has an upward, contracted body. The Stochastic Relative Strength Index (SRSI) indicator lines have risen into the overbought region of the indicator. At this point, this market seems to be suggesting an overbought condition.

SKY’s Shocking Truth: $1000 Price Forecasts vs. CRITICAL Warnings!

Looking at the Sky token market, it can be seen that price action is making moves to extend its upside retracement. The last price candle here is green and has a fair size, suggesting that upside forces are still in charge.

SKY Upside Trajectory May Hold

The lines of the SRSI indicator can be seen to have delivered an upside crossover in the oversold region and are now rising.

Diving deeper into everything about SKY, including the accusations circulating on social media.

The ongoing session keeps the token trading above the 9-day EMA line and, as such, aligns with the view that upside forces may drive the market further toward the $0.07000 level.

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