#RedSeptember

SKL sitting around $0.0294, which is basically hugging the lower end of its recent range. That tells you demand isn’t exactly hot at the moment. The intraday high ($0.0305) shows buyers tried to push, but the rejection back under $0.03 shows resistance is stiff there.

Support: The nearest floor looks to be around $0.0285–0.0290. If that cracks, it could drift toward $0.027 pretty quickly.

The resistance wall is at $0.0305–0.0310. Unless SKL clears that with volume, every bounce is just a dead-cat move.

At this point volume is thinning, and SKL has been grinding sideways for weeks. That’s usually a sign of accumulation or just pure boredom before the next leg—up or down.

But remember, SKL is one of those mid-tier altcoins that pumps hard in bull waves but bleeds when Bitcoin cools. Right now, with BTC dominating attention above 100k, SKL is behaving like background noise—stuck under key levels.

A quick scalp long only makes sense if it breaks and holds above $0.031.

Safer play is waiting for a dip near $0.028 to see if buyers defend it.

If it loses $0.027, you don’t want to be holding—downside opens up fast.