I clearly see multiple whale addresses that are using their holdings to suppress price to get people to sell.
I'm very confident that these whales are done accumulating (as a lot of retail holders have sold out of frustration from the long consolidation period).
So, I think what we can expect is an insane breakout past .50, past $1, all way to $1.8 - $2.5.
The order books on exchanges are setup to give the illusion that there is resistance (just like it was done with NuCypher).
While I have nothing against VCs, this is literally the exact play the investors did with NU. Who are the VCs in SKALE? Arrington XRP Capital, Blockchange, ConsenSys Labs, Hashed, HashKey, Multicoin Capital, Recruit Holdings and Winklevoss Capital.
There is big money here in SKL -- you think they put in capital for small gains? Nope -- it's all been a game before the real price comes overnight (closer to $1.8 in my opinion).