Is $SKY actually turning at $0.0640, or is this just a dead-cat bounce?
I’m leaning bounce-for-now.
It’s only up 0.20% with $5.13M traded, while the 4h move is flat and volume sits at 0.5x the 20d average. RSI at 39 says sellers are tired, but price is still under the 20d and 50d MAs. That’s not a trend reversal yet.
Still 37% below the 30d high. Longs are paying 0.005% funding into weakness too 😬
Different setup from $XRP .
At $0.0640, I’d wait for real volume before believing it. No volume, no breakout. 📉
#SKY #Altcoin
I’m leaning bounce-for-now.
It’s only up 0.20% with $5.13M traded, while the 4h move is flat and volume sits at 0.5x the 20d average. RSI at 39 says sellers are tired, but price is still under the 20d and 50d MAs. That’s not a trend reversal yet.
Still 37% below the 30d high. Longs are paying 0.005% funding into weakness too 😬
Different setup from $XRP .
At $0.0640, I’d wait for real volume before believing it. No volume, no breakout. 📉
#SKY #Altcoin