The Skale Network Price Prediction
The Skale Network price is attempting to cross above the moving averages, indicating a potential upward trend.
Main Breakdowns
- Skale Network price now: $0.022
- Skale Network market cap: $103.1 million
- Skale Network circulating supply: 4.6 billion
- Skale Network total supply: 5.4 billion
- Skale Network Coinmarketcap ranking: #181
SKL/USD Market
SKL/USD peaks at $0.022, then ranges within the channel. The coin needs to cross above the 9-day moving average to maintain a positive technical picture. Closest support is at $0.020.
Skale Network Price Prediction
The Skale Network price is likely to trend upwards if it crosses above the 21-day moving average, potentially reaching resistance levels of $0.028, $0.030, and $0.032. Downwards movement could lead to support levels at $0.016, $0.014, and $0.012.
SKL/BTC May Face the Upside
Against Bitcoin, SKL is likely to cross above the 9-day moving average if bullish pressure increases. A break towards the lower boundary of the channel may result in reaching the support level at 58 SAT. A continuation of the bullish movement could push the price to the resistance level of 110 SAT and above.
Alternatives to Skale Network
The Skale Network price is moving close to the resistance level of $0.025 and the Relative Strength Index (14) indicates a potential buy signal. Additionally, Skale Network has secured $25 million in its latest presale.
Hot Take
The Skale Network price shows potential for an upward trend, but it will need to surpass key resistance levels to maintain a positive technical picture. Investors should keep an eye on the market and consider alternative options.
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