$SKL has demonstrated a notable 5.252% increase in the last 24 hours, with price action oscillating between 0.02446 and 0.02296. The current overall uptrend aligns with the tighter Bollinger Bands, signaling potential bullish momentum. Support at 0.0229 and resistance at 0.0252 will define immediate trading strategies. While Bitcoin's correlation remains undefined, macroeconomic factors, such as recent inflation data and regulatory developments, signal cautious optimism in risk assets. Traders might consider a short-term approach to capitalize on volatility, with a key takeaway being SKL's ability to sustain upward momentum amidst uncertain sentiment, indicating resilience.

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