1️⃣ Massive Volume Spike (Main Reason)
24h volume shows 7.14B SKR / 160M USDT — that’s serious money flowing in.
On the chart, the last green candle has huge volume expansion.
👉 When price + volume both increase sharply = strong buying pressure, not just a weak bounce.
2️⃣ Reversal From Strong Support Zone
Price bottomed near 0.0151 (clear daily support).
After a long downtrend from 0.053 → 0.015, it formed:
Small base
Multiple small candles (accumulation signs)
Then explosive breakout candle
This looks like accumulation → breakout move.
3️⃣ Short Squeeze Possibility
After heavy dump from 0.053, many traders likely opened shorts.
Once price started breaking above:
0.0216 resistance
0.024 psychological level
Shorts got liquidated → fuel added to pump 🔥
Perp market + high volatility = classic squeeze setup.
4️⃣ Structure Change on Daily
Very important 👇
We now have:
Higher low from 0.015
Strong bullish engulfing type candle
Break of minor resistance
This is early stage trend shift attempt.
📊 Key Levels Now
🟢 Resistance Zones:
0.0267 (24h high – immediate resistance)
0.0300 (major resistance)
0.038 – 0.040 (strong supply zone)
0.053 (macro resistance)
🔴 Support Zones:
0.0235 (minor support)
0.0216 (breakout level)
0.018 – 0.019 (strong support)
0.015 (major base)
🧠 What Could Happen Next?
Scenario 1 – Healthy Pullback
Most likely:
Small retracement to 0.022–0.023
Then continuation toward 0.030
After a 40% daily move, cooling down is normal.
Scenario 2 – Continuation Pump
If volume stays strong and BTC stable:
Direct move to 0.030+
Then test 0.038
Scenario 3 – Fake Pump
If volume dries & long positions overcrowd:
Sharp drop back to 0.021 area
⚠️ Important Question
Is this fundamental news pump or technical squeeze?
Right now from chart alone, it looks more like: ✔️ Technical reversal
✔️ High-leverage squeeze
✔️ Momentum play
Unless there’s major ecosystem news behind SKR (which we’d confirm separately).
🎯 My Honest Take
This is a strong bounce, but not confirmed full trend reversal yet.
For real bullish continuation:
Price must hold above 0.021
And break 0.030 with volume
Otherwise, it’s just a relief rally in a bigger downtrend.
$SKR #SKR #MarketCorrection #RiskAssetsMarketShock #WhenWillBTCRebound
