Join Our Telegram channel to stay up to date on breaking news coverage
The SKYAI price dropped 3% in the past 24 hours to trade at $0.04646 as of 12:33 a.m. EST on trading volume that dropped 79% to $32.4 million.
This decrease in price comes even after a major breakthrough between the US and China, in which the US agreed to reduce tariffs on Chinese goods from 145% to 30%, while China said it will lower tariffs on American imports from 125% to 10% for the next 90 days.
The deal, reached during high-level talks, is aimed at easing the ongoing trade war, and includes a framework for future negotiations to prevent further escalations. In response to the announcement, stocks and cryptocurrencies are rallying.
SKYAI Price Poised For A Continued Surge
The SKYAI price on the 1-hour chart recently broke below a rising channel that had been guiding price action since May 5. The channel had defined a bullish uptrend, characterized by higher highs and higher lows.
However, the SKYAI price has now fallen out of this structure and tested the support zone around $0.046, where it found some temporary relief, as GeckoTerminal data shows.
This horizontal support appears to be a consolidation area from earlier, suggesting traders are paying attention to this level.
Meanwhile, the 50 Simple Moving Average (SMA) (white line) is currently above the 200 SMA (yellow line), indicating a bullish crossover that typically suggests a longer-term upward bias. However, the price of SKYAI has dropped just below the 50 SMA, which could serve as dynamic resistance.
The Relative Strength Index (RSI) is currently at 51.50, which is in the neutral zone. This shows that the market is neither overbought nor oversold, leaving room for movement in either direction.
Looking at the MACD (Moving Average Convergence Divergence), the histogram bars have started to shift from red to green, and the blue MACD line is marginally crossing above the orange signal line.
SKYAI Hints At Recovery
SKYAI appears to be in a crucial decision zone. If the price of SKYAI can reclaim and sustain above the $0.0468 level, coinciding with the 50 SMA and prior channel support, there’s a possibility of a short-term recovery toward $0.0485 to $0.050.
However, failure to hold the $0.046 support zone would likely result in a retest of lower levels, potentially down toward the 200 SMA around $0.041.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Presale Crosses The $9 Million Mark – 19 Days Left To Buy In ICO
MIND of Pepe has quickly gained attention, raising over $9.07 million through its presale. Its success comes from its combination of AI technology and meme coin appeal.
Unlike regular meme coins, MIND features an AI agent that analyzes market trends, provides crypto insights, and even creates new tokens.
That allows investors to get in early on AI-generated cryptocurrencies, making MIND a one-of-a-kind and promising project in the market.
What’s more, MIND of Pepe’s real-time intelligence and hive-mind analysis means it provides a constant feed of valuable market insights and can flag any new trends as soon as they emerge. Apart from reacting to market trends, the AI agent will also actively influence market narratives, all while gathering sentiment insights from social platforms.
The team rolled out their AI agent on May 10, giving members of the Web3 community a first look at the cutting-edge computer model.
MIND is a purpose-built intelligence system that ingests and cross-validates real-time data from across the crypto landscape.
The @MIND_agent is now live. Here are its components:
◉Persona-trained LLM for crypto-native communication
◎Semantic vector matching for context-aware… pic.twitter.com/P6R5DbC4uB— MIND of Pepe (@MINDofPepe) May 10, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 249% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0037515 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast, because MIND’s presale will end in less than 19 days
Visit the MIND of Pepe website.
Related News:
- PNUT Soars 25%, But Experts Say Consider This Parabolic Solana Layer-2 Presale
- Chainlink Price Prediction for Today, May 11 – LINK Technical Analysis
- Trending Meme Coins to Buy Now, May 11 – Hosky, Maneki, Tokenfi
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
