After rolling back near the bottom late June, Ski established support and regained momentum after a brief consolidation. It appears strongly bullish daily with a sparking 35% gain in the last 24 hours. Despite witnessing a slight increase during the April-May recovery from the early year drop, the first half of the year ended quite ugly following a back-to-back sell throughout last month. That brought us back near the bottom before holding the $0.03 level as support. Consolidating above this level for two weeks, the trading landscape changed this week with enhanced volatility yesterday and the price exploded. Following such a bullish engulfing candle close yesterday, which indicates Ski’s highest volume inflow since the start of the recovery three weeks ago, it looks set for a massive rally in the coming days. Although the pressure seems low at the moment. The bears have defended the $0.08 level well. A continuous daily candle close above the defended level will not just facilitate gains, but put the asset in a more upward range from a short-term perspective. Currently, it looks indecisive. So far, Ski has seen a nice recovery daily as it doubled its price in three weeks. While the bears are in disbelief, more positive actions can be expected in the future. SKI’s Key Levels To Watch Source: Tradingview Looking ahead above $0.07, the $0.119 level is the next area of interest to watch on the way up, followed by a potential breakout to the $0.245 resistance. A further surge should send the price to the moon. The recently broken $0.05 level is now considered as a retest point in case of a drop. While last month’s $0.0306 low still provides support, the $0.0245 level is the lower support to watch for a dip. Key Resistance Levels: $0.0766, $0.119, $0.245 Key Support Levels: $0.05, $0.0306, $0.0245 Spot Price: $0.062 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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