SKL/USD Ranges as Price Moves Near $0.030

On Aug 3, 2023

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The Skale Network price prediction shows that Skale Network is trading near the resistance level of $0.030 around the 9-day and 21-day moving averages.

Skale Network Prediction Statistics Data:

Skale Network price now – $0.028
Skale Network market cap – $130 million
Skale Network circulating supply – 4.6 billion
Skale Network total supply – 5.4 billion
Skale Network Coinmarketcap ranking – #169

SKL/USD Market

Key Levels:

Resistance levels: $0.035, $0.037, $0.039

Support levels: $0.020, $0.018, $0.016

SKLUSD – Daily Chart

At the time of writing, SKL/USD is trading at $0.028 within the channel, indicating an indecisive movement in the market. For the time being, the market price is moving toward the resistance level of $0.030 while the trading volume confirms the sideways movement.

Skale Network Price Prediction: SKL Price Could Face the North

The Skale Network price is still ranging as the bulls prepare to push the coin to the upside. However, if the buyers regroup and push the Skale Network price above the 21-day moving average, the market price could touch the resistance level of $0.030.

Nevertheless, any bullish movement above this level could lead the market to the crucial resistance levels at $0.035, $0.037, and $0.039 respectively. On the contrary, if the coin slides below the 9-day moving average and heads toward the lower boundary of the channel, it could reach the critical supports at $0.020, $0.018, and $0.016 while the technical indicator Relative Strength Index (14) crosses above the 50-level.

Against Bitcoin, the Skale Network is trading with a slight bullish candle above the 9-day and 21-day moving averages. The technical indicator Relative Strength Index (14) is moving toward the 60-level which could decide the next direction of the market. Any bullish cross above the upper boundary of the channel may hit the resistance level of 115 SAT and above.

However, any form of retreat toward the lower boundary of the channel could bring the coin to the support level of 80 SAT and below. But buyers may need to gather enough momentum to push the market price to the north. For now, SKL/BTC is moving sideways and may start rising once the technical indicator turns upward.

Skale Network Alternatives

Looking at the daily chart, if the Skale Network price crosses above the 21-day moving average, it is likely to break above the upper boundary of the channel. On that note, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the presence of the bulls in the market.

However, given the presale’s impressive fundraising, it’s clear that Wall Street Memes has leveraged the meme coin frenzy, but the team isn’t stopping there. Meanwhile, this new meme token has now raised nearly $20 million via its ongoing presale phase, which indicates growing investor interest.

Wall Street Memes – Next Big Crypto