sky

$SKY price has climbed above $0.09 after recovering from its late-week pullback, with the daily chart showing a 10.71% advance to $0.09344 on Oct. 2.
The move cleared the token’s recent resistance zone, while a major institutional allocation involving the Sky ecosystem has added further attention to the asset.
$100 Million Institutional Allocation Adds Context
A major digital asset firm recently added $100 million of sUSDS to its corporate treasury and approved the savings token as collateral across its institutional trading operations. The firm also purchased SKY, although the announcement did not disclose the size of that purchase.
The partnership covers a lending business with an average loan book of $1.4 billion. According to the announcement, clients pledging sUSDS can continue earning the Sky Savings Rate on their position while using it to back a loan.
The release also reported that sUSDS supply reached $5.52 billion at the end of the second quarter, up 149% over a year. Sky recorded $107.35 million in gross revenue and a $33.29 million net surplus during that quarter.
A separate U.S. equities development also brought attention to another large SKY holder. A U.S.-listed company saw its shares rise 115.29% to $3.38 during Sep. 29 trading, with volume exceeding 161 million shares against a 100-day average of 1.62 million shares.
The company’s SEC proxy filing disclosed holdings of approximately 2.315 billion SKY as of Sep. 13, representing about 10% of total supply. Its U.S. stock-market listing connects a sizable SKY treasury position with traditional equity markets.
SKY Daily Chart Clears the Spring Resistance Zone
The daily chart placed SKY at $0.09344, with a session high of $0.09494 and a low of $0.08231. Price had advanced beyond the recent September highs and the spring peak near $0.09, bringing the earlier wick around $0.095 into focus.
The daily structure showed a recovery from the August low near $0.051. Following a September rebound and a pullback toward $0.076, SKY resumed its climb and pushed through the $0.085–$0.09 area.
Price stood above the 20-day simple moving average at $0.07246, the 50-day average at $0.06767, the 100-day average at $0.06222, and the 200-day average at $0.06674. The 20-day average had turned higher and stood above the longer averages, supporting a stronger daily trend structure.
SKY traded roughly 29% above its 20-day average. That wide gap leaves room for a pullback even while the moving-average structure remains supportive.
The daily Aroon indicator showed Aroon Up at 100% and Aroon Down at 0%. The reading reflects a recent high within the indicator’s lookback period, while the period’s low sits further back.
For this daily setup, approximately $0.095 is the immediate resistance area. A sustained move above it would place the round-number $0.10 level next, while a retreat below $0.09 would put the recent breakout area around $0.085 back in view.
The 4-Hour Breakout Challenges an Earlier Bearish Setup
The 4-hour chart showed SKY at $0.09316 after price moved above the upper boundary of a rising channel. The channel had guided the recovery from mid-September, with successive higher lows beneath the advance.
The latest push carried SKY beyond the channel ceiling near $0.091–$0.092 and toward $0.095. Holding above that boundary would support the breakout, while falling back inside the channel would weaken the immediate upside setup.
The 4-hour Supertrend remained green at $0.08162, below the market price. That level provides a deeper trend reference beneath the nearer $0.09 area and the recent trading zone around $0.085.
The Awesome Oscillator registered 0.00601, with the latest green bars expanding above zero. The indicator showed strengthening upward momentum after a brief dip near its baseline.
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