Skale Network price prediction for today, April 15th

adminApril 16, 2024

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The Skale Network price prediction shows that SKL could continue to approach a critical support level as bears enter the market.

Skale network prediction statistical data:

Current Skale Network price – $0.096
Skale Network market cap – $475.2 million
Skale Network circulating supply – 5.3 billion
Skale Network total supply – 5.4 billion
Skale Network CoinMarketCap Ranking – 135th

SKL/USD market

Main level:

Resistance levels: $0.130, $0.140, $0.150

Support levels: $0.065, $0.055, $0.045

Skale Network Price Prediction for Today, April 15 – SKL Technical Analysis — SKLUSD – daily chart

As of this writing, SKL/USD is sitting at $0.096 after suffering a loss of 3.13% after reaching the $0.094 support level. The Skale Network price has not yet seen a major decline, and if that happens, you can use the channel’s trendline to find support. However, the most important signal for Skale Network is a breakout of $0.105, which represents a key resistance level. So, if the uptrend stays above this level, we could see a new uptrend.

Skale Network Price Prediction: Will SKL Break Above $0.100 or Will There Be a Reversal?

As the Skale Network price continues to stay below its 9- and 21-day moving averages, the daily low of $0.094 may start to give buyers sleepless nights. However, a break below the support at $0.090 would likely push SKL/USD below the lower channel limit, which could touch the important support levels at $0.065, $0.055 and $0.045.

Nonetheless, technical indicators could confirm a bearish move if the 9-day moving average breaks below the 21-day moving average. However, SKL/USD may follow a downtrend until the market finds a stable level that can strengthen the uptrend. Otherwise, the resistance level could be $0.105 and other resistance levels could be $0.130, $0.140, and $0.150 respectively.

SKL/BTC may continue to range.

Skale Network price compared to BTC varies as of the time of this writing. However, if prices continue to head south, sellers are likely to pose an additional threat to buyers who may fall below the lower boundary of the channel where the nearest target is. Meanwhile, an ultimate collapse below this barrier could cause the coin to collapse.

In that sense, if the downtrend continues, the 9-day moving average may cross below the 21-day moving average and reach the important support level below SAT 90. So, if the price bounces above the 9-day moving average, buyers could start again and push the market towards potential resistance above 200 SAT.

@Pheonixisblue encouraged his followers to call him “crazy” but he remains bullish and aims for the coin to find support around $0.0963. A strong rebound is expected thereafter! A further decline to $0.089 is likely, but only a drop below $0.0813 would raise concerns.

$SKL #rocks
Call me crazy. But I’m really hoping we find support at $0.0963. After that we’ll probably have a nice bounce back!
It may even fall to $0.089.
I am not worried until the level goes below $0.0813. pic.twitter.com/AoxddYDQwC
— pheonixisblue (@Pheonixisblue) April 13, 2024

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