Skale Network Price Prediction for Today, October 31 – SKL Technical Analysis

The Skale Network price prediction shows that SKL crosses above the upper boundary of the channel as the coin shoots to the upside.

Skale Network Prediction Statistics Data:

• Skale Network price now – $0.025
• Skale Network market cap – $127.1 million
• Skale Network circulating supply – 4.9 billion
• Skale Network total supply – 5.4 billion
• Skale Network Coinmarketcap ranking – #184

SKL/USD Market

Key Levels:

Resistance levels: $0.030, $0.032, $0.034

Support levels: $0.021, $0.019, $.017

SKL/USD is currently trading at $0.025 after touching the daily high of $0.027; it is likely to touch the nearest resistance level of $0.028 if the bulls increase the pressure. However, in case the buyers were able to push the price above 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 $0.025 as the coin prepares to create an additional gain. The 9-day MA is hovering above the 21-day MA, pointing up to indicate a buy signal.

Meanwhile, if the buyers were able to keep the price above the 9-day and 21-day moving averages, the Skale Network price may spike above the channel to locate the potential resistance levels of $0.030, $0.0.032, and $0.034 while sliding below the moving averages could bring the coin to the supports at $0.021, $0.019, and $0.017 respectively.

SKL/BTC Trades Bullishly

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 85 SAT and above. On the contrary, if the market price slides and faces the lower boundary of the channel, it could reach the support level of 63 SAT and below.

However, the 9-day moving average is likely to cross above the 21-day moving average pointing to the north to confirm the bullish movement. Meanwhile, any further bullish movement above the channel may create additional gains for the coin.

Alternatives to Skale Network

The Skale Network price is hovering above the moving average at $0.044. If the price begins to create a bullish movement, traders can then expect a bullish continuation toward the upper boundary of the channel. However, traders can expect the price to continue to rise if the bulls put more pressure on the market.

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