Skale Network Price Prediction for Today, December 20 – SKL Technical Analysis

According to Skale Network price predictions, SKL is poised for an upward trend and could break above $0.050 each.

Skale network prediction statistical data:

• Current Skale Network price – $0.047
• Skale Network market capitalization – $232.2 million
• Skale Network Circulating Supply – 5 billion
• Skale Network total supply – 5.4 billion
• Skale Network CoinMarketCap Ranking – 176th

SKL/USD market

Main level:

Resistance levels: $0.065, $0.070, $0.075

Support levels: $0.025, $0.020, $0.015

SKL/USD is trading positively above the 9-day and 21-day moving averages to boost the bullish move. Meanwhile, if the market price moves towards the upper limit of the channel, the cryptocurrency could begin another bull run above $0.050. However, a positive break above this barrier could be the first signal buyers need to apply higher pressure.

Skale Network Price Prediction: SKL/USD Could Be Trading Positively

As of this writing, Skale Network price appears to be in the green. If buyers start pushing higher, the first resistance level could be $0.055. After that it could still be $0.060. However, additional resistance levels can be seen at $0.065, $0.070, and $0.075. Meanwhile, if Skale Network price falls below the channel lower limit, it could reach the first support level at $0.030.

However, staying below the lower limit of the channel could lead to important support levels at $0.025, $0.020, and $0.015 respectively. The 9-day moving average may need to cross the 21-day moving average for buyers to begin to dominate the market.

SKL/BTC could be headed to the upside

If we look at the daily chart for Bitcoin, we can see that the Skale Network price is trying to stay above the 9- and 21-day moving averages. However, if the market price stabilizes above this baseline, there is a possibility of additional profits. Therefore, the next resistance level could be located around the 130 SAT level. If the price continues to rise, it may break above 160 SAT.

However, if the bears regroup and slip below the lower border of the channel, the 70 SAT support could play out before rolling into significant support below 50 SAT. Meanwhile, the 9-day moving average is likely to surpass the 21-day moving average, which could increase bullish movement within the channel.

Alternatives to Skale Network

Skale Network is currently trading at $0.047 and showing bullish momentum above the moving average. If this positive trend continues, traders can expect a potential surge towards the upper boundary of the channel. Moreover, further gains beyond this threshold become increasingly likely, especially if bullish buying pressure intensifies.

Meanwhile, Skale Network ranks 176th in the cryptocurrency market with a market capitalization of $233.1 million. In contrast, like many thriving tokens, Bitcoin Minetrix solves a significant challenge within the cryptocurrency space. Remarkably, during the ongoing pre-sale phase, the token received significant support and successfully raised over $5.5 million.

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