$SKL

200 SMMA: The 200-period SMMA is positioned at approximately 0.03553, above the current price of 0.03097, acting as a strong resistance level. This price position below the SMMA reinforces the bearish sentiment in the market.VWAP: The VWAP is around 0.03149, slightly higher than the current price, suggesting limited upward momentum. This neutral-to-bearish position indicates the need for increased buying volume to support any potential price increase.

2. RSI (Relative Strength Index):The RSI currently stands at 39.45, below the neutral level of 50, indicating bearish sentiment. The RSI is not yet in oversold territory, leaving room for further downside unless buying interest increases.

3. MACD (Moving Average Convergence Divergence):The MACD line is negative and below the signal line, signaling continued bearish momentum. The histogram displays negative values, reinforcing this bearish trend. A positive crossover with the signal line could indicate a shift in sentiment if buying volume intensifies.

4. Support and Resistance Levels:Immediate Support: Around 0.03000, serving as a crucial support level for the current price. Holding this level is essential to avoid further declines.Key Resistance: Around 0.03553 (aligned with the 200 SMMA), which represents a significant barrier. A breakout above this level could signal a potential trend reversal toward bullish momentum.

Bullish Scenario: If SKL/USDT breaks above the 0.03553 resistance level, it could target the next resistance around 0.03800.Bearish Scenario: Failure to maintain the 0.03000 support level may lead to further declines, with the next support likely around 0.02800.

Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.