- SKALE Network performed a positive momentum on Monday’s trading session
- SKL price is $0.1787, which is up by 16.81% in the last 24-hour time-frame and 27.66% up from the previous week
- SKL/BTC pair is in a uptrend with 10.44% on Monday (0.0000455)
SKL had positive momentum on the weekly chart, and it went up to $0.1843 on February 08, 2021, while breaking above the resistance zones created in the past. SKL price set a mark of an all-time high. Meanwhile, the trading volume of $25,374,321 in the last 24-hour time-frame represents an increase in the value of 515.70%. The SKL/ETH pair is uptrend with a value of (0.00010921) which is up by 10.48% in Monday’s trading session.
SKL Technical Chart Indicates a Positive Momentum
The technical chart of Tezos highlights a positive trend. In contrast, SKL price is at $0.1787. According to pivot points, the critical support level for SKL is placed at $0.1560. Whereas if it moves up, the key resistance levels to watch are $0.1840, $0.2110 and $0.2390. While diving into the weekly chart of 30-minute time-frame, it completes a bullish engulfing candlestick pattern, indicating the bulls might have overwhelmed the bears.
Investors may observe the price broke out from the descending triangle pattern and its heading for the targets of $0.1840, $0.2110 and $0.2390
Conclusion
The SKL price went up to 16.81% on Monday’s trading session. Investors may observe the price broke out from the descending triangle pattern and its heading for the targets of $0.1840, $0.2110 and $0.2390. A breakout from the critical pattern is recommending a buy signal in the coin.
Resistance: $0.1850, $0.2110 and $0.2390
Support: $0.1560