$SKL /USDT Explosive Rally — Momentum Still Strong
SKALE (SKL) has surged to $0.04594 (+66.09%) after hitting a 24h high of $0.05040, with massive 2.62B SKL volume indicating aggressive buying. Price is well above the MA(7) at $0.02617 and MA(25) at $0.02259, confirming a strong bullish breakout. Momentum indicators (MACD bullish, RSI likely nearing overbought) suggest continuation is possible if volume sustains.
Bullish case: A breakout above $0.05040 could target $0.05210 and then $0.06000.
Bearish case: Failure to hold $0.04500 may trigger a correction toward $0.03710 or $0.03000.
Key watch: Volume retention — if buying pressure fades, profit-taking could be sharp.