SKL/USD Could Stay Above $0.045 Resistance

The Skale Network price prediction could set a bullish run if the market can keep the coin above the resistance level of $0.045.

Skale Network Prediction Statistics Data:

• Skale Network price now – $0.044
• Skale Network market cap – $200.6 million
• Skale Network circulating supply – 4.4 billion
• Skale Network total supply – 5.4 billion
• Skale Network Coinmarketcap ranking – #165

SKL/USD Market

Key Levels:

Resistance levels: $0.065, $0.070, $0.075

Support levels: $0.025, $0.020, $0.015

SKL/USD is running a little retracement move above the 9-day and 21-day moving averages with a price growth of 1.17%. Fact that the coin is recording some gain, the Skale Network price may follow a sideways movement within the channel if the coin head toward the upper boundary of the channel. Meanwhile, traders can expect the price to continue to rise if the bulls put more pressure on the market.

Skale Network Price Prediction: Skale Network (SKL) May Move Upside

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. Meanwhile, as the technical indicator Relative Strength Index (14) is about to cross above the 60-level, the possible resistance levels could be found at $0.065, $0.070, and $0.075 in the long term.

However, if the coin follows the bullish movement for the next couple of days, traders may witness more of it reaching higher levels. Meanwhile, the Skale Network price is trying to create a bullish movement in the short term. On the contrary, any bearish movement towards the south could roll the coin back to the long-term support at $0.025, $0.020, and $0.015 levels.

Against Bitcoin, Skale Network continues to follow the sideways movement but is trading below the 9-day and 21-day moving averages. However, with the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market.  At the moment, the Skale Network (SKL) is trading around the 144 SAT. Therefore, traders can expect close support at 50 SAT and below.

However, if a bullish move pushes the price above the moving averages; traders can then confirm a bull run for the coin. Moreover, the closest resistance could be located at 250 SAT and above as the technical indicator Relative Strength Index (14) moves to cross the 50-level, suggesting bullish movement.

Skale Network Alternatives

The Skale Network price remains neutral and it may need to stay above the 9-day and 21-day moving averages to remain bullish again. But, if the sellers bring the market beneath the lower boundary of the channel, then traders may consider the market as bearish in the short term. 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 $4m has been raised during the presale.

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• Decentralized Polling – Vote to Earn
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• Ethereum Chain
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• Staking Rewards
• Viral Potential, Growing Community