$SKATE Breaking Out or Just Warming Up 🤔

After weeks of sideways grind, price is finally showing signs of life! 📈

🟢 15Min & 1H Outlook

• A clean bounce from the $0.0376 support zone

• All key moving averages (MA7, MA25, MA99, MA200) have been reclaimed 🔄

• Strong momentum candle just closed above $0.0412, testing resistance around MA200 on the 1Hr chart

👉 If $SKATE clears and sustains above $0.0418–0.0422, we may quickly see a run-up toward $0.0445 and $0.0468

🟠 4Hr & Daily Chart

• Daily candle just reclaimed MA7 and MA25 – early signal of trend shift

• MA200 sits close at $0.04199, which is acting as a barrier

• Daily support remains intact at $0.0392–0.0395

📌 Flip this MA200 on daily and the move toward $0.048 - $0.05 becomes realistic

🔻 Support Levels to Watch:

• $0.0395 – near MA25 zone

• $0.0376 – key local bottom; breakdown here could weaken the structure

Conclusion - Momentum is building across timeframes. Breakout confirmation above $0.0425 on volume would seal the trend shift. Rejections near current levels = possible dip back to support for reaccumulation.

Stay nimble. It’s at decision point 🎯