$SKY /USDT 4H MARKET UPDATE
SKY takes a sharp hit, trading at 0.06205 after a 10.22% drop. Price rejected hard from the 0.06936 high and flushed into the 0.06086 demand zone, where buyers stepped in to stabilize the move.
Structure remains under pressure as price trades below MA7 (0.06316) and MA25 (0.06582), confirming short-term bearish momentum. However, SKY is hovering just above MA99 at 0.06128, a key level acting as critical support.
Support Levels: 0.06086, then 0.05950
Resistance Levels: 0.06320, 0.06580, then 0.06930
As long as SKY holds above the MA99 zone, a relief bounce toward 0.063–0.065 is possible. A clean breakdown below 0.0608 would open the door for deeper downside continuation. Volatility is high, and the next few candles will define the trend direction.
