The bigger ones are coming, SKL holders, take notice!
Currently, $SKL is stuck around 0.049, repeatedly oscillating. If it pushes up to 0.043 in the short term, there will be significant pressure. If it can steadily break through, it might be worth lightly following to see 0.047; however, if it breaks below the key support level of 0.039, it is highly likely to accelerate down to 0.035.
From a technical and on-chain signal perspective, the willingness of new funds to enter is very weak. Large holders have net sold over 2 million tokens in the past 7 days, and the main trading activity is low, making large sell-offs likely to trigger price drops.
The ecological scale is a hard injury. Although it has integrated Chainlink and completed the mainnet upgrade, the number of DApps is only about 153, and the TVL ranking has long been low, showing a clear gap compared to leading L2s like Arbitrum and Optimism.
What’s more troublesome is the continued selling pressure. In the next 12 months, about 6.4 million SKL will be unlocked each month. Although this is much less than the previously misreported 140 million, the fixed monthly release will still put pressure on valuation, limiting the room for recovery.
I will continue to position myself for a great trade! Rather than blindly searching and missing the best entry and exit points resulting in holding losses, it’s better to follow me, and those who agree can directly come along.
