SKYUSDT Stays Resilient Above Key Technical Levels

The SKY token has registered a sizeable upward movement so far in today’s trading activity. The market saw a price increase of 4.77%, helping it stage an upward bounce off an important technical landmark. This may support the market’s performance subsequently.

Sky Statistics

Current Price: $0.05345

Market Capitalization: $1.22B

Circulating Supply:

Total Supply:

CoinMarketCap Rank: 55

Key Levels

Resistance: $0.0550, $0.0600, $0.0650

Support: $0.0500, $0.0450, $0.0400

SKY Poised for More Gains

The SKYUSDT daily market can be seen edging upward in the ongoing session, following the bearish deflection observed in the previous session.

The last price candle is a green one appearing above the 9-day Exponential Moving Average (EMA) line. This also signifies that price action may have found a higher support level, following the one recently established above the $0.0400 mark.

The Stochastic Relative Strength Index (SRSI) indicator lines have a slight downward bearing toward the 80 level. Nevertheless, the market maintains a fair short-term outlook.

Upside Forces in SKYUSDT Keep the Lead

Price action in the SKY 4-hour market remains above the 9-day EMA curve despite the ongoing session presenting a downward deflection.

The SRSI indicator lines are still rising steadily from the oversold zone. The lead line has just tested the 50 threshold while the lagging line follows closely.

Be that as it may, the market appears well-positioned for continued upward movement given the general trajectory. As such, the market may advance toward the $0.0600 mark.

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