Market performance
• The price of SKL rose by 74% to $0.048 from below $0.03, with a significant increase in daily trading volume reaching $164-580 million
• The token managed to break out after several months of accumulation, demonstrating exceptional strength while Bitcoin trades sideways between $113,580 and $115,000
• Analysts expect a potential medium-term target of $0.83 if the current momentum continues
Technological catalysts
• The Pacifica V3 release offers a 120% improvement in transaction throughput, enhancing network scalability
• Development of the FAIR protocol - a privacy-focused framework that resists MEV effects, attracting developer interest
• Strategic partnerships for cross-chain liquidity and a significant achievement of processing one billion transactions
Trading strategy
• Key resistance levels identified at $0.06 (nearby) with a recommendation to place a stop-loss order below $0.035
• It is preferable to scale into positions during pullbacks rather than chase momentum at current levels
• Monitor blockchain metrics and new staking units that incentivize long-term holding through tiered rewards
• Follow the Ripple vs. SEC ruling on August 15, which could significantly impact the broader regulatory environment for cryptocurrencies