$SKY
SKY
Strong Momentum: The price of SKY has increased by 4.48%, with trading prices above key EMAs, indicating a strong technical trend and upward momentum.
Solana Ecosystem Expansion: The Keel of Sky Protocol has launched a $500 million plan to promote Solana's RWA market, driving positive sentiment.
Significant Protocol Upgrade: The upcoming rebranding from MKR to SKY, along with governance votes on penalty measures, indicates that the ecosystem is undergoing significant evolution.
Positive Fund Flow: Recent net inflows and large buy orders show that the market is accumulating, combined with positive community sentiment, anticipating further price increases.
SKY Technical Strength
Price increased by 4.48% to $0.0571, with trading prices above key EMAs.
RSI at 57.47 shows a neutral to strong bias, but MACD suggests potential consolidation.
Key resistance level near $0.0583.
Significant Fundamental Catalysts
The Keel of Sky Protocol has launched a $500 million plan to promote Solana's real-world assets (RWA) market.
Governance votes are underway regarding the upcoming MKR upgrade to SKY, indicating the protocol is developing.
Upcoming Token Renaming
Binance supports the major brand upgrade of Maker (MKR) to be renamed SKY.
Token swap is expected to take place in September 2025, with an exchange ratio of 1 MKR = 24,000 SKY.
Strategic Levels to Watch
If the price breaks through the resistance level of $0.0583, it may further increase.
Support is established around $0.0568.## SKY
Strong Momentum: The price of SKY has increased by 4.48%, with trading prices above key EMAs, indicating a strong technical trend and upward momentum.
Solana Ecosystem Expansion: The Keel of Sky Protocol has launched a $500 million plan to promote Solana's RWA market, driving positive sentiment.
Significant Protocol Upgrade: The upcoming rebranding from MKR to SKY, along with governance votes on penalty measures, indicates that the ecosystem is undergoing significant evolution.
Positive Fund Flow: Recent net inflows and large buy orders show that the market is accumulating, combined with positive community sentiment, anticipating further price increases.
SKY Technical Strength
Price increased by 4.48% to $0.0571, with trading prices above key EMAs.
RSI at 57.47 shows a neutral to strong bias, but MACD suggests potential consolidation.
Key resistance level near $0.0583
