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Mr.Arshman

06/23 06:42

SKYAI price prediction: Is the leverage flush sett

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SkyAI [$SKYAI] continued defending its mid-June breakout structure despite a sharp rejection from the $0.4792 high. Momentum built and strengthened each time the price returned to previous support levels. Moreover, buyers successfully defended their recent breakouts into early June with a sharp reversal of trend when they rejected the price action at $0.4792. After the sharp decline, the price moved to find support around $0.328 and then began an upward march through the resistance zone of $0.398. Since then, in the 4-hour chart, price has been consolidating within a range as the volume declines. This implies supply exhaustion rather than aggressive distribution. At the time of writing, the AI token had hiked by 8% in the last 24 hours and was trading at $0.3713. Meanwhile, RSI recovered to 53.2 after cooling from overbought readings above 80, suggesting momentum has reset without breaking structure. As $SKYAI presses against resistance near $0.398-$0.41, a breakout could reopen the path toward $0.4792. Yet another rejection would shift attention back to $0.34 and the critical $0.3286 support zone.$SKYAI’s Open Interest (OI) in tandem with the price during its June mid-rally. This indicates how much speculative longs may have contributed to this recent run. As the OI peaked at approximately $173 million on the 17th of June, it was primarily due to the speculation regarding Forward Industries potential buyout and the push toward the June peak at $0.4792. This implies that most of the speculation has since been flushed out. At press time, it sat near $120 million, or down about 30.4%, compared to the all-time June high. Meanwhile, the price continues holding near $0.37-$0.39 rather than collapsing alongside OI. That distinction matters because falling OI with stable price action often signals a leverage reset rather than ag
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