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The Sky price pumped 13% in the past 24 hours to trade at $0.07463 as of 3:41 a.m. EST, with trading volume surging 12% to $9.9 million.
The increase in the SKY price has put the crypto at the number 1 spot on CoinMarketCap’s list of biggest gainers.
The surge comes after Sky announced on their official Twitter that SKY stakers can now earn USDS rewards based on protocol performance and retain governance voting rights.
Sky Price Poised For A Bullish Trend Continuation
The SKY price on the daily timeframe shows a clear rising channel that has been in play since mid-March 2025. SKY has been respecting this channel, forming higher highs and higher lows, indicating a bullish structure.
Recently, the price of Sky was below the midline of the channel but found strong support at a previously established demand zone around $0.065, which also coincides with the 50-day and 200-day Simple Moving Averages, as GeckoTerminal shows.
After testing that key support zone, the price of Sky rebounded sharply, climbing back above the 50-day SMA and currently trading near the upper region of the channel.
Importantly, SKY action has again entered a significant resistance zone just below $0.080, a level that previously led to a sharp rejection in early May and also in December 2024. This suggests sellers may still be active in this area.
Meanwhile, the Relative Strength Index (RSI) sits at 59.61, which is in neutral-to-bullish territory. It suggests there is room for further upside before the asset enters overbought conditions (above 70).
The Sky price appears poised for a potential move higher. If the price of SKY can decisively break and hold above the $0.080 resistance zone, the next target would likely be in the $0.090 range, corresponding with the upper boundary of the ascending channel.
However, if SKY fails to break this resistance and gets rejected again, it may revisit the lower channel boundary and key support around $0.065 and further down towards $0.055.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO called Snorter Token (SNORT).
According to 99Bitcoins, a popular YouTube channel with over 723K subscribers, SNORT could soar 10X on launch.
Snorter Token Presale Closing In On The $400K Milestone – Best Crypto To Buy Now?
Snorter, a new Solana-based meme trading bot powered by Telegram, has made a notable entrance into the cryptocurrency scene. In about a week of its presale going live, the project has raised over $386K.
The project blends lightning-fast swaps and low fees with a meme coin twist. Thus, it brings a fresh take to a space often dominated by complexity.
Unlike browser-based tools, Snorter runs directly inside Telegram, allowing users to perform sub-second swaps, automate sniping, and track portfolios in real time.
🚨 Snorter Bot is now live in Best Wallet! 🚨@SnorterToken is building a powerful multi-chain Telegram trading bot designed for speed, transparency, and automation.
Snorter Bot will give users the ability to access lightning-fast trades and real-time execution directly from… pic.twitter.com/EqkWxGMcQy
— Best Wallet (@BestWalletHQ) May 28, 2025
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions, according to Dune.
Snorter Bot also beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram bots.
In addition to its trading features, staking rewards currently sit at 820%, which decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0941. Tokens can be bought with SOL, ETH, BNB, or bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in about 2 days.
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