Today’s SKL Technical Analysis and Price Prediction: November 20, 2022

Today's SKL Technical Analysis and Price Prediction: November 20, 2022


The Future of Skale Network Price Prediction

If you’re following the Skale Network price prediction, you’ll notice that SKL is expected to climb above the upper boundary of the channel. This will bring potential gains for the cryptocurrency as it continues to follow an uptrend with increasing pressure from buyers.

Key Statistics for Skale Network Prediction

  • Current Skale Network price – $0.035
  • Market cap of Skale Network – $243.1 million
  • Circulating supply of Skale Network – 5 billion
  • Total supply of Skale Network – 5.4 billion
  • Skale Network CoinMarketCap ranking – #154

SKL/USD Market Levels

When focusing on levels for SKL/USD, you’ll find the following:

Resistance levels: $0.040, $0.042, $0.044

Support levels: $0.027, $0.025, $0.023

Predictions for Skale Network Price

The Skale Network price is anticipated to surpass the upper boundary of the channel. If it manages to overcome the $0.036 resistance level, it could lead to additional gains. The bullish trend is expected to persist, with potential upticks to $0.040, $0.042, and $0.044 resistance levels. On the downside, a possible swing could retest support levels below the 21-day moving average.

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SKL/BTC Movement

In the SKL/BTC market, the price remains above the moving averages and may cross the upper boundary of the channel. Buyers are aiming to push the coin above the 100 SAT resistance level, potentially leading to an upside close. Conversely, a slide toward the lower boundary of the channel could result in a bearish continuation with major support at 75 SAT and below.

Exploring Skale Network Alternatives

Skale Network’s current price stands at $0.035, comfortably above the moving average. If the bullish trend continues, there’s potential for a crossover beyond the upper boundary of the channel. Additionally, discerning traders are shifting focus to a rapidly gaining crypto with great potential for upward movements in the Skale Network price.

Traders are keeping an eye on the Skale Network, which currently holds the 154th position in the cryptocurrency market with a market cap of $264 million. Furthermore, Bitcoin Minetrix, a token addressing issues in Bitcoin mining, has gained substantial attention in its presale phase, securing nearly $4.2 million in investment.

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Hot Take: Positioning in the Market

As Skale Network looks to break out above the upper channel, the potential for substantial gains increases. Additionally, emerging alternatives within the crypto market are drawing attention, indicating vibrant opportunities for growth and investment.

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Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.