๐ Sky Protocol ($SKY ) Shows Strong Momentum โ But Short-Term Dip Possible
Sky Protocol (formerly MakerDAO) is trading around $0.088, after gaining nearly 28% since its February breakout. ๐บ๏ธ
Technical signals are currently leaning bullish, but not without short-term caution.
๐ What the charts are saying:
Weekly RSI & MACD: still strong, suggesting upward momentum
Key support: $0.078 (important line to hold)
Next target: around $0.095 (+36%)๐๐
If strength continues: potential move toward $0.12+
โ ๏ธShort-term warning: RSI divergence hints at a possible dip to $0.084 first
๐ The project itself recently evolved from MakerDAO, allowing MKR holders to convert into SKY, which helped renew market interest.
๐ญ rebrands + technical momentum can briefly revive attention, but real sustainability always comes back to demand and user activity, not just charts.
๐ฎ For now, bulls are in control โ but the $0.078 support level is the line to watch closely.
๐ฌ Do you think SKY can really reach $0.12, or is this just a temporary pump?
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