The price of SKY price fluctuates between the levels of $1.600 and $1,800. In retrospect, the SKY market had an overhead resistance at the $2.30 price level.

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.

SKY/USD Medium-term Trend: Ranging

Resistance Levels: $1.8, $2.0 ¸ $2.2

Support levels: $1.4, $1.2, $1.2

Yesterday, June 12, the price of Skycoin was in a sideways trend. The price of SKY price fluctuates between the levels of $1.600 and $1,800. In retrospect, the SKY market had an overhead resistance at the $2.30 price level. However, SKY market had a downward correction to the $1.6000 support level. The $1.6000 was well supported as the bulls made an upward move to the upper price level.

The bulls were resisted at the $1.800 upper price level. 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. Meanwhile, the SKY price has reached the oversold region of the daily stochastic but below 60% range. This indicates that price is a bearish momentum and a sell signal.

SKY/USD Short-term Trend: Ranging

On the 1-hour chart, the SKY price was in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally. The crypto's price was fluctuating below and above EMAs. 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 20% range. This indicates that price is a bearish momentum and a sell signal.

Live Skycoin (SKY) Price: 1 SKY/USD = $0.4978 change ~ 2.69% Coin Market Cap $9.1 Million 24 Hour Volume $76.71 K 24 Hour VWAP $0 24 Hour Change $0.0134

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