SKYUSDT Hopes to Extend Gains From Its All-Time Low

The Sky token has been on a downtrend since its launch on September 11, 2025. However, its price action has recently rebounded from its all-time low, and the market has seen another upward move in the ongoing session. A detailed analysis of the market is provided below.

SKY Statistics

Current Price: $0.05

Market Capitalization: $1.2 B

Circulating Supply: 22.88 B

Total Supply: 23.46 B

CoinMarketCap Rank: 60

Key Levels:

Resistance: $0.05500, $0.06000, $0.06500

Support: $0.05000, $0.04500, $0.04000

Sky Ascends Minimally

SKYUSDT holds modest gains as of the time of writing. However, there are indications that price action may still face significant bearish pressure. The corresponding price candle for the ongoing session appears just below the 9-day Exponential Moving Average (EMA) curve.

Meanwhile, the lines of the Stochastic Relative Strength Index (SRSI) indicator are rising sharply. Technically, this suggests that bullish momentum is increasing but not yet strong enough to confirm a full recovery, as upside forces still lack dominance in the market.

SKYUSDT Needs More Bullish Conviction

On the 4-hour chart, price action appears to be progressing at a gradual pace. The most recent price candle has edged slightly above the 9-day EMA curve. Simultaneously, the SRSI indicator lines have formed an upward crossover just above the 40 mark.

The terminal ends of the indicator lines continue to point upward, signaling a potential short-term bullish push. Based on this setup, traders may target short-term gains toward the $0.05500 resistance level if momentum strengthens further.

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