$SKL /USDT Technical & Market Analysis

Current Overview:

SKL/USDT is currently trading at $0.04552, reflecting a significant increase of 17.93% in the last 24 hours. This strong performance positions SKL as a top gainer, particularly in the Layer 1 category, attracting attention from traders.

Market Sentiment:

SKL is trading well above its 7-day and 25-day moving averages, indicating strong upward momentum. The 99-day moving average suggests a support level at a lower price point.

Price Update:

- Current Price: $0.04552 (+17.93%)

- 24h High: $0.04899

- 24h Low: $0.03801

Moving Averages (MA):

- MA (7): $0.03819

- MA (25): $0.03370

- MA (99): $0.04020

Volume & Trading Data:

- 24h Trading Volume (SKL): 240.30M

- 24h Trading Volume (USDT): 10.58M

Depth Analysis:

- Resistance Level: $0.04899

- Support Level: $0.03801

24h Performance:

SKL has experienced a high of $0.04899 and a low of $0.03801 over the past 24 hours, showcasing notable volatility that offers potential opportunities for active traders.

Trading Platform:

Binance remains the primary exchange for SKL/USDT, providing significant liquidity and trading activity.

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