Is SKY ready to break its neckline resistance?
1OpportunityBullishInverse Head-and-Shoulders Breakout
2RiskModerateWeak Whale Flows & Net Outflows
3ActionBullishBuy the Neckline Retest
🎯 Opportunity (Bullish 📈)
SKY shows bullish momentum: Technical and institutional signals align for a potential neckline breakout in SKY around 0.065–0.067 USDT, supported by expanding protocol revenues and Robinhood integration. Stablecoin-linked protocols continue to outperform, suggesting upside persistence toward 0.077–0.082 USDT.
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🚨 Risk (Moderate 🤔)
Net Outflows Pressure: Despite strong fundamentals, the last three days show ~$1.32 million net capital outflow, indicating short‑term selling or profit‑taking. Market fear index stands at 26 (“Fear”), capping immediate upside.
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⚡ Action (Bullish 📈)
Inverse‑Pattern Retest Long Setup: SKY shows pre‑breakout behavior above 0.065 USDT; aggressive traders may enter on neckline retest. BTC and ETH’s market consolidation supports stability for DeFi inflows, with SOL and XRP likely aiding mid‑term sentiment rotation. Trading plan favors scaling long exposures on technical confirmation
