$SKY /USDT 📉

SKY

0.06657

+9.90%

Sharp rejection from the 0.068–0.071 supply zone followed by a strong bearish impulse candle, pushing price back toward the 0.062 support area.

🔹 Key Observations:

• Lower high structure forming on 4H

• Strong sell volume on the latest drop

• RSI near 20 — deeply oversold, bounce potential rising

🔹 Key Levels:

Support: 0.0620 – 0.0600

Resistance: 0.0665 – 0.0685

Current move suggests short-term weakness after failing to sustain above mid-range resistance. If 0.062 holds, a relief bounce towards 0.066–0.068 is likely.

However, a breakdown below 0.060 could open the path for a deeper correction. Watch for volume confirmation on any bounce before expecting trend continuation. 📊🔥