Here’s a technical overview and analysis of $SKATE
/USDT Perpetual Futures:
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📊 Market Snapshot: SKATE/USDT
Metric Value
Last Price $0.04186 ⬆️ (+1.43%)
Mark Price $0.04184
24h High / Low $0.04909 / $0.03990
24h Volume (SKATE) 1.03 Billion SKATE
24h Volume (USDT) $45.62 Million
Current Vol 12.81 Million SKATE
MA(5) 13.14M
MA(10) 23.28M
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🔍 Technical Breakdown
📈 Price Action
Price bounced from the 24h low of $0.0399, now stabilizing near $0.0418.
A modest recovery but still 12% below the 24h high of $0.049.
Currently trading between local support and resistance—indecisive but with mild bullish pressure.
📉 Volume & Momentum
Volume is slightly below both MA(5) and MA(10), which suggests a cooling off after a volatile session.
Momentum is neutral to slightly bullish, but not strong enough for a confident breakout yet.
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🧱 Key Levels to Watch
Level Type Price (USDT) Comment
Resistance 1 $0.0447 Minor local resistance from order book
Resistance 2 $0.0471 Pre-breakdown zone, depth seller wall
Resistance 3 $0.0491 24h high – major breakout level
Support 1 $0.0418 Current level, weak support
Support 2 $0.0399 24h low, strong technical support
Support 3 $0.0377 – $0.0372 Deeper liquidity zone if it dumps
📌 Strategy Suggestions
✅ Bullish Breakout Scenario
Entry: On break and hold above $0.0447
Target: $0.047 → $0.049+
Stop: Below $0.0412
❌ Bearish Pullback Scenario
Entry: Breakdown below $0.0399
Target: $0.0375 → $0.036
Stop: Above $0.0422
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⚖️ Bias Summary
Indicator Interpretation
Trend Sideways to Slightly Bullish
Momentum Weak but building
Volatility Medium
Bias Neutral-Bullish
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🔚 Final Note
SKATE is recovering off its lows, but lacks decisive volume to sustain a rally unless it breaks above $0.044–$0.047 with conviction. Until then, it's range-bound and likely to chop unless driven by news or broader altcoin momentum.
Would you like a candlestick chart or a heatmap-style support/resistance visualization for this pair?