Skale Network Price Prediction for Today, May 30: SKL/USD Trades Near $0.035 Level

Disclosure

Updated: 31 May 2023

The information provided on Inside Bitcoins is for educational and informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and investing in digital assets carries significant risk. No profits are guaranteed, and you may lose some or all of your investment. Always invest responsibly and only with funds you can afford to lose.

Join Our Telegram channel to stay up to date on breaking news coverage

The Skale Network price prediction shows that SKL crosses above the 9-day and 21-day moving averages as the coin shoots to the upside.

Skale Network Prediction Statistics Data:

Skale Network price now – $0.033
Skale Network market cap – $152.8 million
Skale Network circulating supply – 4.5 billion
Skale Network total supply – 5.4 billion
Skale Network Coinmarketcap ranking – #173

SKL/USD Market

Key Levels:

Resistance levels: $0.045, $0.050, $0.055

Support levels: $0.025, $0.020, $.015

Skale Network Price Prediction for Today, May 30: SKL/USD Trades Near $0.035 Level — SKLUSD – Daily Chart

SKL/USD is currently trading at $0.033 after touching the daily high of $0.034; it is likely to touch the nearest resistance level of $0.350. However, in case the buyers were able to push the price toward the upper boundary of the channel, the daily candlestick may close above this barrier.

Skale Network Price Prediction: SKL Gets Ready for Upward Movement

According to the daily chart, the Skale Network price is moving close to the resistance level of $0.035 as the coin prepares to create an additional gain. The technical indicator Relative Strength Index (14) is also moving to cross above the 50-level, with the signal line pointing up to indicate a buy signal.

Nevertheless, if the buyers were able to keep the price above the 9-day and 21-day moving averages, the Skale Network price may rally toward the channel which could hit the potential resistance levels of $0.045, $0.0.050, and $0.055 while sliding toward the lower boundary of the channel could bring the coin to the supports at $0.025, $0.020, and $0.015 respectively.

Against Bitcoin, the Skale Network is following a bullish movement, and it may swing high to cross above the upper boundary of the channel which could locate the resistance level of 147 SAT and above. On the other hand, if the market price heads toward the lower boundary of the channel, it could reach the support level of 96 SAT and below.

However, the technical indicator Relative Strength Index (14) is currently moving to cross above the 50-level as the signal line points to the north to confirm the bullish movement. Moreover, any further bullish movement may create additional gains above the channel.

Alternatives to Skale Network

The Skale Network may need to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $0.030, which could be a daily low. Meanwhile, the coin may spike toward the upper boundary of the channel to create additional gains. On that note, in confluence with its meme coin presale, the Wall Street Memes project is offering a $50K airdrop and 420 ultra-rare NFTs as Bitcoin Ordinals. Likely, these measures are only going to further the hype surrounding Wall Street Memes, with investors who miss out looking to purchase the $WSM token instead. For now, the token has raised almost $2 million in the ongoing presale.

New OKX Listing - Wall Street Memes

Rating