Skale Network Price Prediction for Today, January 10 – SKL Technical Analysis

The Skale Network price prediction shows that SKL crosses above the moving averages to touch the resistance level of $0.089.

Skale Network Prediction Statistics Data:

• Skale Network price now – $0.087
• Skale Network market cap – $470.9 million
• Skale Network circulating supply – 5.1 billion
• Skale Network total supply – 5.4 billion
• Skale Network Coinmarketcap ranking – #115

SKL/USD Market

Key Levels:

Resistance levels: $0.110, $0.120, $0.130

Support levels: $0.060, $0.050, $0.040

SKL/USD peaks at $0.089 today as the coin aims to trade near the upper boundary of the channel. Meanwhile, gradually, the bulls could begin to maintain the upward movement as soon as the bulls increase the buying pressure. Therefore, the Skale Network may need to face the upside in other to guide against the downward pressure while the closest support expects the coin at $0.075, which could be a daily low.

Skale Network Price Prediction: Skale Network Likely to Hit $0.100 High

The Skale Network price may begin to trend to the upside as a bullish cross above the upper boundary of the channel could push the coin to the resistance levels of $0.110, $0.120, and $0.130. On the downside, a bearish movement below the 21-day moving average could stop the initial upward movement and create bearish momentum with a focus on bringing the market to the next support levels of $0.060, $0.050, and $0.040 respectively.

At the moment, the 9-day moving average is hovering above the 21-day moving average, which indicates that the market could follow an uptrend. Looking at the daily chart, the bulls are likely to increase the movement as the buyers put more effort into pushing the coin to the potential resistance level of $0.100.

SKL/BTC Spikes to Upside

The Skale Network price remains above the 9-day and 21-day moving averages against Bitcoin, signaling bullish momentum. However, should the bulls not sustain this upward trend, the SKL price could decline should selling pressure intensify.

On the downside, if bearish momentum prevails and breaches the lower boundary of the channel, the market price might dip toward the support level at 120 SAT and below. Conversely, maintaining the bullish trajectory could propel the coin above the upper boundary of the channel, targeting the resistance level of 250 SAT and above.

Skale Network Alternatives

According to the daily chart, the Skale Network price is nearing the $0.100 resistance level, signaling the potential for further gains. However, with increased buyer pressure, the coin is poised for upward momentum. Currently, the 9-day moving average stands above the 21-day moving average, indicating a favorable buy signal.

However, despite Skale Network (SKL) boasting a substantial market capitalization of $470.9 million and holding the 115th position in market rankings, its significance might be somewhat obscured by its expansive market cap. On the other hand, the Bitcoin Minetrix token offers a compelling opportunity to enhance returns within the cryptocurrency asset class. Furthermore, with the token already amassing approximately $8.2 million in its ongoing presale, the present moment appears opportune for investing in this promising asset.