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The Skale Network price prediction reveals that SKL may continue to approach a crucial support level as the bears step into the market.
Skale Network Prediction Statistics Data:
- Skale Network price now – $0.096
- Skale Network market cap – $475.2 million
- Skale Network circulating supply – 5.3 billion
- Skale Network total supply – 5.4 billion
- Skale Network Coinmarketcap ranking – #135
SKL/USD Market
Key Levels:
Resistance levels: $0.130, $0.140, $0.150
Support levels: $0.065, $0.055, $0.045
At the time of writing, SKL/USD is hovering at $0.096 following a 3.13% loss after touching the $0.094 support level. The Skale Network price has not seen any major pullbacks yet and may use the trend line of the channel for support if it happens. However, the most important signal for Skale Network is the break of $0.105, which represented a major resistance level. Therefore, should the bulls stay above this level, they may confirm a new uptrend.
Skale Network Price Prediction: Will SKL Break $0.100 or Reverse?
As the Skale Network price keeps hovering below the 9-day and 21-day moving averages, the daily low at $0.094 may begin to give the buyers sleepless nights. However, a break below the support level of $0.090 could most likely give SKL/USD a fall below the lower boundary of the channel, which could touch the critical supports at $0.065, $0.055, and $0.045.
Nevertheless, the technical indicator may confirm the bearish movement if the 9-day moving average crosses below the 21-day moving average. However, until the market finds a stable level to reinforce the uptrend, SKL/USD could follow the downtrend. Otherwise, the resistance level might be at $0.105 while other resistance levels are at $0.130, $0.140, and $0.150 respectively.
SKL/BTC May Continue to Range
Against the BTC, the Skale Network price is ranging at the time of writing. However, if the price continues to face the south, sellers are likely to pose an additional threat to buyers which could slump below the lower boundary of the channel where the nearest target is located. Meanwhile, an eventual break below this barrier may cause the coin to collapse.
On that note, a continuation of the downtrend could touch the critical support at 90 SAT and below as the 9-day MA moves to cross below the 21-day MA. Therefore, if the price rebounds above the 9-day moving average, the buyers may resume back and push the market to the potential resistance at 200 SAT and above.
@Pheonixisblue encouraged his followers to dub him “Crazy,” yet he remains optimistic, aiming for the coin to find support around $0.0963. Anticipating a strong rebound thereafter! There’s a possibility of a further dip to $0.089, but concerns arise only if levels drop below $0.0813.
Call me Crazy. But I'm really hoping we touch support at $0.0963. We'll most likely be in for a nice rebound after that!
We might dip lower at $0.089 even.
I'm not concerned until levels lower then $0.0813 pic.twitter.com/AoxddYDQwC
— pheonixisblue (@Pheonixisblue) April 13, 2024
Skale Network Alternatives
The Skale Network price lingers below the moving averages, yet a promising buy signal could emerge with the 9-day moving average surpassing the 21-day moving average. However, Skale Network’s substantial market capitalization of $475.2 million, placing it 135th in market rankings, might overshadow its significance. On the other hand, the Dogeverse token presents an alluring chance for amplified returns, having already amassed $4.89 million in its presale.
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