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

The Skale Network price prediction shows that SKL could be ready for the uptrend, and it could break above $0.050 respectively.

Skale Network Prediction Statistics Data:

• Skale Network price now – $0.047
• Skale Network market cap – $232.2 million
• Skale Network circulating supply – 5 billion
• Skale Network total supply – 5.4 billion
• Skale Network Coinmarketcap ranking – #176

SKL/USD Market

Key Levels:

Resistance levels: $0.065, $0.070, $0.075

Support levels: $0.025, $0.020, $0.015

SKLUSD – Daily Chart

SKL/USD is trading positively above the 9-day and 21-day moving averages to increase the bullish movement. Meanwhile, the cryptocurrency might kick-start another bullish run above $0.050 if the market price moves toward the upper boundary of the channel. However, any positive break above this barrier could be the first signal needed for the buyers to press higher.

Skale Network Price Prediction: SKL/USD May Trade Positively

The Skale Network price is looking green at the time of writing, if the buyers begin to grind higher, the first resistance level may come at $0.055 as this could also be followed by $0.060. However, additional resistance levels can then be found at $0.065, $0.070, and $0.075. Meanwhile, if the Skale Network price slides below the lower boundary of the channel, it could hit the first support level at $0.030.

However, staying below the lower boundary of the channel may lead to the critical support levels at $0.025, $0.020, and $0.015 respectively. The 9-day moving average may need to cross above the 21-day moving average so that buyers may begin to gain control of the market.

SKL/BTC May Head to the Upside

Against Bitcoin, the daily chart shows that the Skale Network price is attempting to stay above the 9-day and 21-day moving averages. However, if the market price stables above this barrier, there is a possibility that additional gains could be obtained. Therefore, the next resistance level may be located around 130 SAT level. If the price keeps rising, it could even break the 160 SAT and above.

SKLBTC – Daily Chart

However, if bears regroup and slide below the lower boundary of the channel, 70 SAT support may play out before rolling to the critical support at 50 SAT and below. Meanwhile, the 9-day moving average is likely to cross above the 21-day moving average which could increase the bullish movement within the channel.

Alternatives to Skale Network

At the present moment, the Skale Network is trading at $0.047 and exhibiting a bullish momentum above its moving averages. If this positive trend persists, traders can expect a potential surge toward the upper boundary of the channel. Moreover, the prospect of additional gains beyond this threshold becomes increasingly likely, particularly if bullish buying pressure intensifies.

Meanwhile, the Skale Network holds the 176th position in the cryptocurrency market, boasting a market cap of $233.1 million. In contrast, much like several prosperous tokens, Bitcoin Minetrix tackles a crucial challenge within the crypto realm. Remarkably, during its ongoing presale stage, the token has gathered substantial support, successfully raising over $5.5 million.