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🪐 SKY eyes a fresh breakout
After a 28% rally since February, SKY hovers near $0.088, with weekly RSI at 68 and MACD turning green, while the MakerDAO swap has seeded fresh participants. The price is testing the $0.078 support; holding it keeps the upward stair‑case intact. Even as BTC steadies and ETH eyes its own rally, SKY’s micro‑chart tells a different story.
🕸️ The technicals still favor a bull narrative: volume remains thin above the support, allowing buyers to push toward the $0.10 ceiling and, if a weekly close clears it, Fibonacci extensions at $0.117 and $0.14 become plausible. The only bearish trigger is a dip below the 0.618 retracement at $0.075, which would invalidate the pattern and invite a correction toward the $0.066‑0.070 band. I’m leaning bullish, but I’m watching the 4‑hour RSI divergence as a warning flag.
👁️🗨️ The decisive moment will be whether the $0.078 floor survives the next test.
⚠️ Personal analysis only. Not financial advice. DYOR.
#SKY #Altseason #OnChain
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