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The Skale Network price prediction sees a 6.45% price increase over the past 24 hours of trading as the cryptocurrency reaches $0.038.
Skale Network Prediction Statistics Data:
- Skale Network price now – $0.038
- Skale Network market cap – $164.9 million
- Skale Network circulating supply – 4.2 billion
- Skale Network total supply – 5.4 billion
- Skale Network Coinmarketcap ranking – #173
SKL/USD Market
Key Levels:
Resistance levels: $0.060, $0.065, $0.070
Support levels: $0.019, $0.014, $0.009
SKL/USD gains a 6.45% price rise over the past 24 hours of trading as the cryptocurrency bounces from $0.035 to reach $0.038. The coin is rebounding from a rising support trend line which prevented Skale Network from unwinding further beneath the 9-day moving average. The momentum has now shifted back into the bullish favor, especially with the Relative Strength Index (14) rebounding to cross the 40-level to show that the buyers are unwilling to give up their control of the market momentum just yet.
Skale Network Price Prediction: SKL Price Gets Ready for the Upside
The Skale Network price remains neutral and it may need to rise above the 9-day and 21-day moving averages to remain bullish again. But, if the sellers bring the market beneath the lower boundary of the channel, then traders may consider the market as bearish in the short term. Toward the upside, the first level of resistance lies at $0.055 while the potential resistance levels lie at $0.060, $0.065, and $0.070 respectively.
Moreover, if the sellers bring the price beneath the channel, traders may expect support to be located at $0.030 and $0.025. Beneath this, other critical supports can be located at $0.019, $0.014, and $0.009 respectively.
When compares with Bitcoin, the Skale Network price is seen trading below the 9-day and 21-day moving averages at 177 SAT. The Skale Network price is subsequently rebounded against BTC and now attempting to cross above the 9-day moving average.
From above, the nearest level of resistance lies above the 21-day moving average at 230 SAT. Above this, higher resistance lies at 260 SAT and above. From below; the nearest levels of support are 150 SAT and 130 SAT. If the selling creates a fresh low, lower support may be located at 100 SAT and below. The technical indicator Relative Strength Index (14) is moving above the 40-level showing the market may be preparing for an upward movement.
Alternatives to Skale Network
The Skale Network price may continue to move upwards if the price crosses above the 9-day and 21-day moving averages. However, SKL/USD may hit the resistance level of $0.040 if the bulls increase the buying pressure. Meanwhile, the FGHT token is the Fight Out project’s native ERC-20 token and it is crucial to maintaining the economic stability of the ecosystem. Therefore, given the FGHT token’s importance, investors may wish to purchase the tokens to gain financial exposure to Fight Out’s growth as close to $6m has been raised during the presale.
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