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Sky
SKY·0.06-1.33%
Sky (SKY) Daily Market Analysis
By CoinStats AI
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Why is SKY price down today?
Sky (SKY) 24-Hour Price Analysis
Current Price and Change
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SKY Technical Analysis: Key Support & Resistance Levels?
SKY Technical Analysis: Key Support & Resistance Levels
Current Price Action
- Current Price: $0.0640
- 24h Change: -1.51%
- 1h Change: -0.38%
- 7d Change: +8.36%
Market Metrics
- Market Cap: $1.47B
- Trading Volume (24h): $10.14M
- Available Supply: 22.96B SKY
- Fully Diluted Valuation: $1.50B
Key Support Levels
| Level | Significance |
|---|---|
| $0.0630 | Immediate support (recent consolidation) |
| $0.0590 | Secondary support (7-day low area) |
| $0.0550 | Major support (psychological level) |
Key Resistance Levels
| Level | Significance |
|---|---|
| $0.0680 | Immediate resistance (recent swing high) |
| $0.0720 | Secondary resistance (7-day high area) |
| $0.0800 | Major resistance (psychological level) |
Price Action Analysis
Short-term Outlook (1-24h):
- Slight downward pressure with -0.38% hourly decline
- Trading near immediate support at $0.0630
- Volume at $10.14M suggests moderate liquidity
Medium-term Outlook (Weekly):
- Positive momentum with +8.36% weekly gain
- Price consolidating within $0.059-$0.072 range
- Potential for continuation toward $0.072 resistance if support holds
Volume Analysis
Trading volume of $10.14M relative to market cap indicates moderate trading activity. Volume confirmation needed for breakouts beyond key resistance levels.
Chart Pattern Observations
- Price consolidating in mid-range of weekly trading band
- Recent weakness (-1.51% daily) suggests profit-taking from weekly gains
- Support holding near $0.063 level is critical for bullish continuation