Skale Network Price Prediction for Today, October 14

Skale Network Price Prediction for Today, October 14 – SKL Technical Analysis

Updated: 03 November 2023

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The Skale Network price prediction could set a bullish run if the market can keep the coin above the moving averages.

Skale Network Prediction Statistics Data:

Skale Network price now – $0.021
Skale Network market cap – $105.7 million
Skale Network circulating supply – 4.9 billion
Skale Network total supply – 5.4 billion
Skale Network Coinmarketcap ranking – #185

SKL/USD Market

Key Levels:

Resistance levels: $0.025, $0.027, $0.029

Support levels: $0.017, $0.015, $0.013

Skale Network Price Prediction for Today, October 14 – SKL Technical Analysis — SKLUSD – Daily Chart

SKL/USD is running a little retracement move above $0.020 with price growth of 0.83%. For the fact that the coin is recording some gain, the Skale Network price may follow a sideways movement within the channel if the coin crosses above the 9-day and 21-day moving averages. Meanwhile, traders can expect the price to continue to rise if the bulls put more pressure on the market.

Skale Network Price Prediction: Skale Network (SKL) May Move Upside

The Skale Network price is hovering toward the moving average at around $0.021. If the price begins to create a bullish movement, traders can then expect a bullish cross above the upper boundary of the channel. Meanwhile, as the bulls increase the buying pressure, the possible resistance levels could be found at $0.025, $0.027, and $0.029 in the long term.

Moreover, if the coin continues with the bullish movement for the next couple of days, traders may witness more of it to reach higher levels. On the contrary, any bearish movement toward the lower boundary of the channel could roll the coin back to the long-term support at $0.017, $0.015, and $0.013 levels.

SKL/BTC Faces the North

Against Bitcoin, the Skale Network bulls increase the price movement as the coin moves to cross above the 21-day moving average. However, with the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Skale Network (SKL) is trading around the 79 SAT but any bearish movement could bring the coin to the support at 70 SAT and below.

Nevertheless, if a bullish move pushes the price above the upper boundary of the channel; traders can then confirm a bull run for the coin as the closest resistance could be located at 90 SAT and above. Meanwhile, the 9-day MA may need to cross above the 21-day MA to increase the bullish movement within the channel.

Skale Network Alternatives

The Skale Network price is at the moment showing a positive movement as the market moves to cross above the 21-day moving average. Apart from this, SKL/USD still needs to cross above the upper boundary of the channel and traders can expect the price to continue to rise as soon as this is done.

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