$SKATE Explosive Breakout After Accumulation

After weeks of sideways grind and failed rallies, Price finally broke out, delivering a vertical move from 0.03749 → 0.06176 in a matter of hours.

🔍 1Hr Chart – Momentum Ignition

Clean breakout above all MAs (7, 25, 99, 200)

Price ripped through resistance at 0.046 and peaked at 0.06176

Pullback holding near 0.04743, just above MA25 – still bullish unless this level breaks

Short-term structure shows higher lows + volume spike = continuation likely

⏱ 4Hr Chart – Trend Shift Confirmed

Price reversed from long-term base near 0.03222, breaking the descending trend

MA7 > MA25 > MA99 – first bullish alignment in weeks

Last candle wicked into 0.054+ zone, confirming breakout strength

Volatility up, but as long as price holds above 0.044, dip-buying remains valid

📆 1 Day Chart – Early Trend Reversal

First major green daily candle post-downtrend

MA7 curling upward, hinting at a trend flip

Daily close above 0.048–0.050 would trigger more attention and fuel next leg toward 0.066–0.078 zone

Key Levels to Watch 👀

Support: 0.04449 / 0.04150

Resistance: 0.05426 → then 0.06618 → macro target 0.07840

Break below 0.041 = invalidation of breakout setup

This breakout isn’t random — it’s the result of sustained accumulation near the lows and a breakout above MA cluster across all timeframes. If it retests the breakout zone and holds, this could evolve into a swing trade setup.

Watch for consolidation above 0.045–0.047 for next wave of momentum.