SKY Trading Update

• Current Price: $0.08720, after a rally of over 12%.
• Trading Volume: Daily volume decreased by over 26%.

The crypto market remains volatile, oscillating between red and green candlesticks. Major assets like Bitcoin (BTC) and Ethereum (ETH) are trading downwards, while SKY has surfaced as a notable gainer with a 12.10% increase in the last 24 hours.

Earlier in the day, SKY traded as low as $0.07776. The asset has broken crucial resistance levels at $0.078 and $0.089, reaching a daily high of $0.09001. As it trades at $0.08720 with a market cap of $1.85 billion, daily trading volume increased to $8.93 million.

SKY has surged 23.56% in the last week, with trading lows and highs of $0.070 and $0.090, respectively.

Future Outlook for SKY

The four-hour trading window shows a slight positive trend. The price may test resistance at $0.08745 and continue upward. Conversely, a market trend reversal could undo gains, pushing the price toward support at $0.08685, and possibly lower towards $0.08650, aided by the formation of a death cross.

Additionally, the Moving Average Convergence Divergence (MACD) line suggests bullish momentum as it crosses over the signal line. The Chaikin Money Flow (CMF) at 0.08 indicates money inflow and moderate buying pressure.

The daily relative strength index (RSI) stands at 57.58, indicating slightly bullish sentiment with potential for further upward movement. The Bull Bear Power (BBP) value at 0.00483 is just above neutral, hinting at early momentum building.