The $SKR futures market is showing signs of increasing selling pressure, raising questions about whether the token could move lower in the short term. If bearish momentum continues, traders may see a potential downside move as sellers try to push the price below key support levels.
However, futures trading is highly volatile, and a sudden reversal can happen at any time. Traders should carefully monitor trading volume, support and resistance levels, open interest, and overall market sentiment before taking any position.
If $SKR fails to hold its important support zone, another downward move could become possible. Always manage risk carefully and avoid trading with more than you can afford to lose. $SKR