Skale Network Price Prediction for Today, November 20: SKL Technical Analysis

The Skale Network price prediction shows that SKL may likely settle above the upper boundary of the channel.

Skale Network Prediction Statistics Data:

• Skale Network price now – $0.035
• Skale Network market cap – $243.1 million
• Skale Network circulating supply – 5 billion
• Skale Network total supply – 5.4 billion
• Skale Network CoinMarketCap ranking – #154

SKL/USD Market

Key Levels:

Resistance levels: $0.040, $0.042, $0.044

Support levels: $0.027, $0.025, $0.023

SKL/USD is seen hovering above the 9-day and 21-day moving averages within the channel. However, the cryptocurrency continues to follow an uptrend as the bulls keep increasing the pressure. Meanwhile, should buyers push the market price above the channel, the coin might hit the potential resistance level of $0.038.

Skale Network Price Prediction: Skale Network Faces the North

The Skale Network price is moving to cross above the upper boundary of the channel, if the resistance level of $0.036 gives way, the coin may create additional gains. At the moment, the bullish scenario seems more dominant as buyers continue to post firm commitments into the market. For the past few days, we have seen a sharp rise in the market price. Moreover, if the coin crosses above the upper boundary of the channel, this could further strengthen the market to $0.040, $0.042, and $0.044 resistance levels.

On the downside, a lower possible swing may likely retest the previous support below the 21-day moving average. However, if the bears manage to fuel the market, traders may expect a further drop to $0.027, $0.025, and $0.023 support levels. Meanwhile, the 9-day MA is seen hovering above the 21-day MA, indicating that the market may retain the bullish trend.

SKL/BTC Spikes to the Upside

Against Bitcoin, the Skale Network price remains above the 9-day and 21-day moving averages which may cross above the upper boundary of the channel. However, the buyers are expected to push the coin above the resistance level of 100 SAT so that the market price may end up closing on the upside.

Nevertheless, if the market price slides toward the lower boundary of the channel, it could refresh lows under 80 SAT and a possible bearish continuation may likely meet the major support at 75 SAT and below while the buyers could push the coin to the potential resistance at 115 SAT and above.

Skale Network Alternatives

The current price of Skale Network stands at $0.035, comfortably above the moving average. Should the bullish trend persist, traders can anticipate a potential crossover beyond the upper boundary of the channel. Further gains are on the horizon, especially if the bulls intensify their buying pressure. Stay tuned for potential upward movements in the Skale Network price!

However, the Skale Network is presently positioned at 154th in the cryptocurrency market, boasting a market cap of $264 million. Nevertheless, discerning traders are shifting their focus toward the crypto which is rapidly gaining momentum – Bitcoin Minetrix. Similar to many successful tokens, Bitcoin Minetrix addresses a pivotal issue in the crypto landscape: the high costs associated with Bitcoin mining and the prevalence of mining scams. In its current presale phase, the token has already secured an impressive sum, amassing nearly $4.2 million.