Technical Analysis for SKL/USDT on Binance ๐
The SKL/USDT pair has shown impressive upward movement recently, gaining +20.71% over the last 24 hours. Letโs dive into the technicals and analyze the potential future price movements.
๐ Current Price: 0.07980 USDT
๐ 24h High: 0.08000 USDT
๐ป 24h Low: 0.06390 USDT
Key Technical Levels:
1. Support: 0.07096 USDT
This is the key level for the bulls to hold. If SKL dips below this support, we may see further declines towards lower price levels.
2. Resistance: 0.08129 USDT
The immediate resistance level is at 0.08129. A break above this could lead to further bullish momentum.
3. Target 1: 0.08500 USDT
If the bulls manage to break through the resistance at 0.08129, the next target for the price is likely to be around 0.08500. This is a significant level that could signal continued upward movement.