$SKY : Is the Breakout Just Getting Started?

Looking at the SKY/USDT 1D chart, we are seeing some very clean price action. After bottoming out around the 0.03998 level, SKY has established a solid uptrend, making consistent higher highs and higher lows.

🔍 Key Technical Takeaways:

Price Action: We just hit a 24h high of 0.06316. The current candle is looking strong, pushing right against local resistance. If we close daily candles above 0.063, we could see a fast move toward the next psychological levels.

MACD Momentum: The MACD is showing a bullish crossover with the histogram bars turning green and expanding. This suggests that the upward momentum is actually accelerating, not slowing down.

Moving Averages: The price is holding well above the primary moving averages, using them as dynamic support on the way up.

Volume: We’ve seen a decent pick-up in volume (38.46M SKY), which confirms that this move has real interest behind it rather than just a low-liquidity spike.

💡 My Strategy:

I’m watching for a clean flip of the 0.063 zone into support. If the market holds this level, the path toward 0.070 looks wide open. However, keep an eye on the RSI (if you have it on) to ensure we aren't getting too overextended in the short term.

What do you think? Is SKY heading for a moon bag or is a retracement to 0.058 healthy here? Let me know your targets in the comments! 👇

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