SKL/USD Shows Positive Signs Above $0.060

The Skale Network price prediction shows that SKL is attempting to cross above the upper boundary of the channel.

Skale Network Prediction Statistics Data:

• Skale Network price now – $0.059
• Skale Network market cap – $249.6 million
• Skale Network circulating supply – 4.1 billion
• Skale Network total supply – 5.4 billion
• Skale Network Coinmarketcap ranking – #148

SKL/USD Market

Key Levels:

Resistance levels: $0.080, $0.085, $0.090

Support levels: $0.040, $0.035, $0.030

SKL/USD peaks at $0.064 today, after which the coin begins to trade bullishly within the channel. However, the price not staying above $0.064 may ruin the long-term technical picture of the coin. Meanwhile, the Skale Network may need to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $0.050, which could be a daily low.

Skale Network Price Prediction: Skale Network Likely to Hit $0.070 High

At the time of writing, the Skale Network price is likely to trend to the upside as a bullish cross above the upper boundary of the channel could push the coin to the resistance levels of $0.080, $0.085, and $0.090. On the downside, a bearish movement below the 9-day and 21-day moving averages could stop the initial upward movement and create bearish momentum with a focus to bring the market to the next support levels of $0.040, $0.035, and $0.030 respectively.

At the moment, the technical indicator Relative Strength Index (14) moves into the overbought region, which indicates that the market could follow an uptrend. Looking at the daily chart, the 9-day moving average remains above the 21-day moving average which could allow the buyers to concentrate on stirring action to the north.

Against Bitcoin, the Skale Network is sliding above the 9-day moving average. Meanwhile, following the recent positive sign, the SKL price may go down if the sellers sustain the pressure further.

However, if the bears succeeded in breaking below the lower boundary of the channel, the market price may reach the support level at 160 SAT and below. Moreover, the continuation of the bullish movement could allow the coin to go above the upper boundary of the channel and push the price to the resistance level of 300 SAT and above as the technical indicator Relative Strength Index (14) is likely to cross above the 70-level which could boost the bullish movement.

Skale Network Alternatives

The Chainlink price may continue to move upwards if the price stays above the 9-day and 21-day moving averages. Meanwhile, LINK/USD may reach the resistance level of $9.0 if the bulls focus on the upward trend. Meanwhile, FGHT is the Fight Out project’s native ERC-20 token and it is crucial to maintaining the economic stability of the ecosystem. Therefore, given the FGHT token’s importance, investors may wish to purchase the tokens to gain financial exposure to Fight Out’s growth as close to $4.5m has been raised during the presale.

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