$SKL ignites with double-digit gains
The Layer 1 winner is surging - bulls target new highs
SKL shows real strength, trading at $0.03995 with a daily increase of +14.34%. After hitting a low of $0.03410 in the last 24 hours, the bulls pushed the price to challenge the high of $0.04172, supported by massive trading activity of 855 million SKL.
This surge has shifted momentum in favor of buyers, with SKL reclaiming key levels and attracting attention as one of the top gainers in the Layer 1 sector. If the bulls can maintain above the $0.040 mark, the path will open towards higher resistances, while failure to hold may lead to a new test near the support at $0.037.
Next trade setup
Entry: Above $0.0405 surge
Target 1: $0.0432 (short-term)
Target 2: $0.0465 (medium-term)
Stop loss: $0.0368 (below local support)
Momentum is rapidly increasing, and the chart indicates that SKL may be gearing up for another rise.