I'm tracking $SKDD on Binance Square and the market is showing some significant volatility. The aggressive spot market buying is really absorbing any available sell pressure, creating a squeeze around the current resistance level. The 24h high was hit at $7.17300, and the market is holding firm, but I could see a potential breakdown below the $7.15200 level if we can't see some relief in short selling activity.

What do you think will happen next? Will the market find a new support level or break higher? Let me know your thoughts!