SKYAI price prediction: Is the leverage flush sett
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SKYAI price prediction: Is the leverage flush setting up a breakout?
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.
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