The recent performance of $SKL is worth paying attention to, as this project focusing on blockchain scalability is showing an independent trend.
On-chain data shows positive changes, with the number of holding addresses increasing by 18% over the past two weeks.
The exchange inventory has dropped to a yearly low, with large wallets increasing their holdings by over 40 million coins in the past month.
Weekly level breaks the resistance at 0.027.
Trading volume has tripled compared to the monthly average, and the RSI indicator has moved out of the oversold area.
Altcoin season funds are starting to pay attention to low market cap targets.
Similar scalability projects MATIC/IMX have also performed well recently.
The project team is about to release the mainnet upgrade roadmap.
Current price allows for a light position, with a stop loss set below 0.025.
Short-term target is at the previous high of 0.12, and after breaking through, it is expected to test the 0.15 resistance area.
Be cautious of the risk of a market pullback; if BTC experiences a decline of more than 5%, timely reduction of positions is necessary.
