The SKY/USD pair is in choppy price action.

The support and the resistance level are not evenly apart thus making trade analysis complex.

SKY/USD Medium-term Trend: Ranging

Resistance Levels: $1.8, $2.0 ¸ $2.2

Support levels: $1.4, $1.2, $1.2

Yesterday, June 26, the SKY/USD pair was in a sideways trend. There had been no significant changes in price. On June 21, the bulls made an upward move but were resisted at the $2.00 price level. The movung averages are horizontally flat indicating that the price is in a sideways trend. The bulls attempted to break the 26-day EMA but were repelled to continue their range bound move.

Nevertheless, the coin was characterized by small body candlesticks like the Doji and the Spinning tops which describe the indecision between the buyers and sellers. The SKY/USD pair is in choppy price action. The support and resistance levels of the crypto cannot be determined. In a tight range move, a bullish or bearish break is imminent. Meanwhile, the SKY price has reached the oversold region of the daily stochastic but above 40% range. This indicates that price is a bullish momentum and a buy signal.

SKY/USD Short-term Trend: Ranging

On the 1-hour chart, the SKY price was in a sideways trend. The moving averages are trending horizontally. The price of Skycoin is in choppy price action. The support and the resistance level are not evenly apart thus making trade analysis complex.Meanwhile, the SKY price has reached the oversold region of the daily stochastic but above 40% range. This indicates that price is a bullish momentum and a buy signal.

Live Skycoin (SKY) Price: 1 SKY/USD = $0.5002 change ~ 1.42% Coin Market Cap $9.14 Million 24 Hour Volume $63.06 K 24 Hour VWAP $0 24 Hour Change $0.0071

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