SKYAI PLUNGES THROUGH KEY SUPPORT đâĄ
The $SKYAI futures contract ripped below the $0.04988 floor, erasing the lower orderâblock that anchored the 4âhour range for the past week đŹ. Volume stayed robust at $16.73âŻM as price slid from the $0.06300 high to the current $0.05096, indicating aggressive sellâside pressure. The breach of the nearâterm support zone aligns with a cascade of macroâlevel asset accumulation exiting the sector, pushing liquidity downwards.
With three consecutive bearish 4âhour candles and a sharp negative momentum acceleration, the move appears more structural than a routine pullâback. The $0.05632 midârange now sits above a widening gap, and the $0.06269 resistance cluster is losing relevance as sellers dominate the order flow. Until price can reclaim the $0.04988 pivot, the downside bias remains intact, though the depth of the current trough could offer a modest floor for shortâterm traders đ.
A renewed buying pressure above the $0.04988 line would be necessary to reâestablish confidence in the lower structure âĄ
Levels to monitor:
Watching support around $0.04988
Structure suggests resistance near $0.06269
Mid range area: $0.05632
DYOR
Follow for Updates
#SKYAI #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $SKYAI futures contract ripped below the $0.04988 floor, erasing the lower orderâblock that anchored the 4âhour range for the past week đŹ. Volume stayed robust at $16.73âŻM as price slid from the $0.06300 high to the current $0.05096, indicating aggressive sellâside pressure. The breach of the nearâterm support zone aligns with a cascade of macroâlevel asset accumulation exiting the sector, pushing liquidity downwards.
With three consecutive bearish 4âhour candles and a sharp negative momentum acceleration, the move appears more structural than a routine pullâback. The $0.05632 midârange now sits above a widening gap, and the $0.06269 resistance cluster is losing relevance as sellers dominate the order flow. Until price can reclaim the $0.04988 pivot, the downside bias remains intact, though the depth of the current trough could offer a modest floor for shortâterm traders đ.
A renewed buying pressure above the $0.04988 line would be necessary to reâestablish confidence in the lower structure âĄ
Levels to monitor:
Watching support around $0.04988
Structure suggests resistance near $0.06269
Mid range area: $0.05632
DYOR
Follow for Updates
#SKYAI #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare