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Sky

Sky

SKY·0.06
-1.33%

Sky (SKY) Daily Market Analysis

By CoinStats AI

What is the latest news for SKY?

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Why is SKY price down today?

Sky (SKY) 24-Hour Price Analysis

Current Price and Change

What is the market sentiment for SKY today?

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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

LevelSignificance
$0.0630Immediate support (recent consolidation)
$0.0590Secondary support (7-day low area)
$0.0550Major support (psychological level)

Key Resistance Levels

LevelSignificance
$0.0680Immediate resistance (recent swing high)
$0.0720Secondary resistance (7-day high area)
$0.0800Major 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