Skale Network Price Prediction for Today, March 24: SKL/USD Faces Rejection at $0.044

The Skale Network price prediction is moving down within the market, and its selloffs may be extended below the moving averages.

Skale Network Prediction Statistics Data:

• Skale Network price now – $0.041
• Skale Network market cap – $177.1 million
• Skale Network circulating supply – 4.2 billion
• Skale Network total supply – 5.4 billion
• Skale Network Coinmarketcap ranking – #172

SKL/USD Market

Key Levels:

Resistance levels: $0.060, $0.065, $0.070

Support levels: $0.025, $0.020, $0.015

At the time of writing, SKL/USD is changing hands to $0.041, down from the daily high of $0.044. The coin is likely to cross below the 9-day and 21-day moving averages. The Skale Network price is mainly influenced by speculative sentiment and technical factors. However, the coin is known for its herd behavior, as everything rises and falls at the same time.

Skale Network Price Prediction: Skale Network (SKL) May Drop to the Downside

The Skale Network price is hovering at the $0.041 level as bulls couldn’t hold their ground. The widespread retracement on the market pushes the coin toward the 9-day and 21-day moving averages with the next local support created by $0.035. This level should limit the correction and serve as a starting point for another upward wave.

However, the sell-off is likely to gain traction with the next focus on $0.025, $0.020, and $0.015 support levels. Meanwhile, on the upside, the initial resistance is created above the moving averages at $0.045. Traders may need to see a sustainable move above this level to test $0.050. The further bullish movement could touch the $0.060, $0.065, and $0.070 resistance levels as the technical indicator Relative Strength Index (14) moves to cross above the 50-level, suggesting bullish signals.

Against Bitcoin, the Skale Network price is moving sideways, as the coin remains below the 9-day and 21-day moving averages. However, the bulls attempt to push the coin above the moving averages, but the technical indicator Relative Strength Index (14) is also moving to cross above the 40-level. Meanwhile, if the coin slide below the lower boundary of the channel, the critical support level could be found at 0.070 SAT and below.

Moreover, if bulls begin to power the market, the coin may likely head toward the upper boundary of the channel to find the potential resistance level at 230 SAT and above. Meanwhile, the Skale Network price is currently changing hands to 149 SAT, and a spike in volatility could occur according to the technical indicator.

Alternatives to Skale Network

The Skale Network price could spike higher if the buyers regroup and put more pressure on the market. Thus, a possible breakout above the moving averages can provide a higher float for buyers and prolong the ongoing recovery. Meanwhile, Love Hate Inu (LHINU) is making waves in the market by introducing a novel concept that has never been explored before as close to $2m has been raised during the presale.