/USDT Technical AnalysisCurrent price: $0.04547 (+16.65%)SKL/USDT has been showing bullish momentum, breaking key resistance levels with significant volume. Here’s a closer look at the targets:First target: $0.04899SKL has already tested this level, marking the 24-hour high. A breakout above this could signal further upside, but it's also a potential resistance zone. Traders should watch for consolidation or a pullback near this level.Second target: $0.04975This level represents a possible extension based on recent moving averages. If the bullish trend continues, SKL could reach this point before encountering heavier resistance. This is a key psychological barrier, so price action here will be critical.Third target: $0.05050The final target in this short-term analysis suggests a potential new high for SKL/USDT if volume remains strong. Indicators like RSI and MACD should be monitored closely for overbought conditions as SKL approaches this area.Moving averages:MA(7): 0.04074MA(25): 0.03812MA(99): 0.03468Traders should manage risk carefully, particularly as SKL approaches resistance levels. Keep an eye on MACD and RSI for signals of trend continuation or reversal.#BTCPredictedNewATH #BinanceLaunchpoolHMSTR #SpotGoldATH #RB
