SKYAI/USDT — Bullish Momentum Begins to Strengthen
SKYAI/USDT on the 4-hour timeframe shows a fairly aggressive recovery. Price is around 0.07251, up 42.09%, after previously dipping to the 0.0437 area. This surge suggests buyers are starting to take control again after a prolonged consolidation phase.
Technically, the price is now above the MA(7), MA(25), and short-term EMA. RSI(6) at 62.29 indicates bullish momentum is strengthening, but it has not entered the overbought zone. MACD is also turning positive with a green histogram, signaling that the upward momentum is developing.
The nearest resistance lies at 0.0783–0.0821, coinciding with the upper Bollinger Band area. If it can break out with increasing volume, the next target may move toward 0.096–0.10.
Meanwhile, key support is around 0.068–0.070, followed by 0.0537.
Conclusion: SKYAI is beginning to show a bullish structure. As long as support holds, the chance to continue the rebound remains open, but a resistance breakout needs confirmation from volume.
$SKYAI
#Write2Earn #trading #BinanceSquare #TechnicalAnalysis #SKYAI
SKYAI/USDT on the 4-hour timeframe shows a fairly aggressive recovery. Price is around 0.07251, up 42.09%, after previously dipping to the 0.0437 area. This surge suggests buyers are starting to take control again after a prolonged consolidation phase.
Technically, the price is now above the MA(7), MA(25), and short-term EMA. RSI(6) at 62.29 indicates bullish momentum is strengthening, but it has not entered the overbought zone. MACD is also turning positive with a green histogram, signaling that the upward momentum is developing.
The nearest resistance lies at 0.0783–0.0821, coinciding with the upper Bollinger Band area. If it can break out with increasing volume, the next target may move toward 0.096–0.10.
Meanwhile, key support is around 0.068–0.070, followed by 0.0537.
Conclusion: SKYAI is beginning to show a bullish structure. As long as support holds, the chance to continue the rebound remains open, but a resistance breakout needs confirmation from volume.
$SKYAI
#Write2Earn #trading #BinanceSquare #TechnicalAnalysis #SKYAI