$SKY /USDT – Technical Analysis
SKY is currently trading at 0.06836. The price is showing sideways volatility, moving up and down within a narrow range. This indicates indecision in the market and a possible breakout soon.
On the lower side, buyers are becoming active near support, while sellers are defending the resistance zone. Volume is average, so a strong move will need volume confirmation.
Market Structure:
• Short-term: Neutral to Slightly Bearish
• Trend: Range-bound
Support Zones:
🔹 0.0675
🔹 0.0660
Resistance Zones:
🔸 0.0695
🔸 0.0710
Take Profit (TP) Levels:
🎯 TP1: 0.0695
🎯 TP2: 0.0710
🎯 TP3: 0.0730
📌 If price breaks above 0.0695 with volume, bullish momentum can continue.
📌 If price loses 0.0675, a short-term pullback is possible.
⚠️ Trade with proper risk management.
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