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Skale

SKALE (SKL)SKALE, described as a modular blockchain network, is designed to bring scalability to Ethereum. SKALE is the only blockchain network capable of running an unlimited number of fast, on-demand, pooled-security Blockchains with zero gas fees to end users. These individual chains are known as SKALE chains and can be dapp-specific or shared. Anyway, short after SKL went up, correction started and SKL went down, a timely correction. Then, SKL broke the downtrend line, and now it seems SKL is moving in an ascending channel, going up. Let's see if SKL can break this channel and continue its upward wave.
CRYPTO:SKLUSDLong
by SaeedSalehinia
9
SKL (Double Bottom) Welfare Chart Wednesday 50% spot tradeHello Traders, Here is another coin that we have picked out that looks to be broken out of structure. The RSI and MACD looks to be ready to move on higher time frames. This is part of out Educational Welfare Chart Wednesdays to help traders new and old find some coins quickly and easily that have or are about to break out while other coins have already ran. Learn about SKALE below SKALE Network (SKL) - Scalable, Decentralized, and High-Performance Blockchain Infrastructure Overview: The SKALE Network is a high-performance, decentralized layer-2 scaling solution for Ethereum that aims to overcome the limitations of blockchain scalability, speed, and cost. By utilizing a unique approach to scaling, SKALE enables the creation of elastic blockchains—customizable chains that can be fine-tuned to meet the specific needs of decentralized applications (dApps) and services. SKALE’s primary goal is to provide a scalable, secure, and flexible infrastructure for developers, enabling Ethereum to handle the growing demand of decentralized finance (DeFi), NFTs, gaming, and other Web3 use cases. The SKL token is the native utility token of the SKALE network. It is used for staking, governance, and securing the network, making it a vital part of the ecosystem. SKALE's novel approach to scalability ensures that developers and enterprises can build applications that are both fast and cost-efficient while maintaining the security and decentralization of the Ethereum network. What Makes SKALE Unique? SKALE distinguishes itself by offering a highly scalable blockchain architecture that is fully compatible with Ethereum. Unlike traditional blockchains that face congestion and high gas fees during periods of high demand, SKALE leverages elastic sidechains to provide virtually unlimited scalability without compromising on speed or security. The key features of SKALE that set it apart from other blockchain scalability solutions include: Elastic Sidechains: SKALE allows for the creation of customized sidechains that can scale independently based on demand. This allows dApps to avoid congestion on Ethereum's mainnet and operate with reduced transaction costs while benefiting from Ethereum's security. High Throughput & Low Latency: SKALE can process thousands of transactions per second (TPS) on its elastic chains, providing low-latency and high-throughput solutions for developers looking to create responsive and scalable dApps. EVM Compatibility: SKALE is fully compatible with Ethereum’s Ethereum Virtual Machine (EVM), allowing developers to use familiar tools, languages, and frameworks (like Solidity) to deploy their applications on SKALE’s sidechains without requiring complex modifications. Cost-Efficiency: Through its elastic chain structure, SKALE significantly reduces the cost of running decentralized applications. This makes it an attractive solution for both developers and users, especially as demand for Ethereum-based dApps continues to rise. Security and Decentralization: SKALE’s consensus mechanism, Proof-of-Authorization (PoA), ensures both high security and decentralization, providing a secure and robust network environment for decentralized applications to thrive. The Investment Case for SKL As Ethereum continues to be the backbone of the decentralized economy, scalability remains one of the biggest challenges faced by the network. With Ethereum’s growing popularity, high gas fees and slow transaction speeds have become a bottleneck for decentralized applications and financial services. SKALE offers a compelling solution to this problem by enabling projects to scale without sacrificing decentralization or security. Why SKALE is a Strong Investment Opportunity: Scalability as a Key Trend: As demand for decentralized applications (dApps), NFTs, and DeFi platforms continues to surge, the need for scalable infrastructure has never been greater. SKALE’s ability to scale Ethereum's capabilities through its elastic sidechains addresses a critical pain point in the blockchain space, positioning it as a valuable player in the future of Web3. Rising Demand for Ethereum Alternatives: With Ethereum's gas fees and congestion issues, more developers and businesses are exploring Ethereum-compatible Layer-2 solutions like SKALE. This growing shift towards Layer-2 protocols increases the utility and demand for SKL tokens, as they are essential for staking, securing the network, and participating in governance. Partnerships and Adoption: SKALE has forged strategic partnerships with top-tier projects in the Ethereum ecosystem, which increases its visibility and adoption. As more projects deploy on the SKALE network, SKL’s value proposition strengthens. Governance and Token Utility: SKL token holders have governance rights within the SKALE ecosystem, allowing them to vote on protocol upgrades and important decisions. Additionally, SKL tokens are used for staking, securing the network, and providing incentives for validators, making them essential to the functionality of the SKALE network. Expanding Ecosystem: With growing developer adoption and a robust ecosystem of decentralized applications (dApps) being built on the SKALE network, the SKL token is poised to become an integral part of the expanding DeFi and Web3 sectors. A Brief History of SKALE SKALE was launched in 2018 with the vision of addressing the scalability issues that have plagued Ethereum and other blockchain networks. The project is backed by a team of experienced blockchain developers, including Jack O’Holleran and Stan Kladko, who previously worked on other successful blockchain projects. The SKALE mainnet went live in 2021, and since then, the network has gained significant traction, attracting both developers and enterprises looking to build scalable decentralized applications. SKALE’s elastic sidechains have allowed developers to deploy fast, low-cost dApps, gaining attention in the growing Layer-2 ecosystem. The SKL token has experienced a number of key milestones, including: 2020: SKALE raised $17.8 million in its Series A funding round, which helped accelerate the development of its scalable network. 2021: The SKALE network went live, and developers began to integrate the platform for Ethereum scalability solutions. 2023: The SKALE ecosystem continues to expand, with more developers deploying applications, and increased integration into DeFi and NFT projects. With its innovative approach to scaling Ethereum, SKALE is poised to play an essential role in the future of the blockchain industry, especially as demand for blockchain applications continues to grow. Why SKALE (SKL) is a Strong Investment The scalability challenge in blockchain has been a significant bottleneck for Ethereum and many other blockchain networks. SKALE offers a solution by providing an easy-to-deploy, scalable infrastructure that preserves Ethereum's security while significantly lowering transaction costs. As the demand for decentralized applications (dApps), DeFi, and NFTs continues to grow, solutions like SKALE are expected to become critical components of the blockchain ecosystem. SKL tokens offer a compelling investment opportunity for those looking to gain exposure to one of the most promising Layer-2 scaling solutions in the blockchain space. With its combination of scalability, low fees, and strong Ethereum compatibility, SKALE is positioned to play a pivotal role in the future of decentralized technologies. Helpful Links Coin Market Cap coinmarketcap.com White Paper skale.space Stay Profitable my Friends, Savvy
Long
by Crypto_Kinfolk
SKL - Daily more fallSKLUSD has recently experienced a pullback below its crucial support zone, as highlighted in the chart. This movement indicates a potential shift in market sentiment. Typically, a pullback under a support zone, especially when sustained, can signify weakness and increased selling pressure, hinting at the possibility of further declines. This breach suggests that buyers are losing control, and if SKLUSD does not reclaim the support zone swiftly, it may continue to trend lower, targeting new support levels.
Short
by Sober_Trading
SKL/USDT is at a Make or Break Situation | Correction Ahead 👀💎Paradisers, #SKL is gearing up to retest its ascending support and we're expecting a potential correction. 💎If it drops below, we'll seek a retest to confirm bearish momentum before making our next move. Observations show #Skale charting lower highs and lower lows coupled with decreasing volume hinting at a loss of momentum. If #SKL maintains support at $0.071 yet continue its downward trajectory, we anticipate hitting the projected support zone at $0.0519 next. 💎Conversely, if #SKLUSDT holds its support and swings back into the channel, it may suggest a bullish counter attempt. In this case, the price could ascend towards the significant resistance at $0.091. 💎 LSE:SKL will face strong selling pressure and rebound strongly from such levels. If this resilience persists, a robust recovery might be in play. Yet, a decisive candle close above this resistance would counter the bearish narrative and point towards a potential bullish turnaround.
Short
by MyCryptoParadise
2
SKL/USDT Primed for a Bullish Trajectory? 👀🚀SKL Analysis💎Paradisers, let's explore the dynamics of #SKLUSDT, where the landscape is ripe for a potential bullish rebound from a pivotal support area. 💎Reviewing #SKALE's trading activity, we observe a profound 80% reduction from its top. Yet, the tenacity at the $0.06310 support level hints at the possibility of an ascending movement. 💎The challenge of reaching new heights or surpassing prior records has led to a prevailing bearish sentiment. Nevertheless, the crucial $0.06310 threshold for LSE:SKL is teetering on the edge of sparking a notable bullish shift upon another assessment. 💎With an eye towards adaptability, we've prepared a Plan B. If #SKL descends further from this foundational support, we anticipate a bullish revival initiating from the secondary support at $0.026. It's essential to recognize, however, that a breach below this point could indicate a prolonged bearish trend. 💎Keep your trading strategies flexible and your senses attuned to market fluctuations, Paradisers. Be reassured, the ParadiseTeam is vigilantly tracking these developments, poised to navigate you through the shifting financial terrains.
Long
by MyCryptoParadise_Simon
It is time to SKALE ⤴️Hello TradingView Family / Fellow Traders, 📉 After a 130% surge , BITRUE:SKLUSDT has entered a correction phase and is currently trading within the descending blue channel. 🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes. 📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required. Meanwhile, an expected movement towards the demand zone is anticipated. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
SKL/USDT Trading Outlook: Bullish Prospects in the Demand Zone💎 Paradisers, turn your attention to SKLUSDT, which is currently showcasing an intriguing pattern in a demand zone, indicating a strong potential for a bullish movement. 💎 Historically, Skale has demonstrated a tendency to break away from its descending trendline, leading to upward trends. With its current position in a demand zone, the likelihood of a bullish trajectory appears to be quite robust. 💎 The initial goal in this bullish scenario is to break through the supply level at .3513. Successfully surpassing this hurdle could open the door to challenging a significant supply level situated higher up. 💎 Conversely, if SKLUSDT falters in maintaining its upward trajectory, a tactical bullish approach from the .2671 demand level may be the prudent move. However, a drop below this critical point could set off a substantial bearish shift. Stay sharp and strategic in your trading decisions, Paradisers. Your ParadiseTeam is here to guide you through these market developments.
Long
by MyCryptoParadise_Simon
2
SKLUSD aiming at the All Time Highs!Skale Network (SKLUSD) has been in a parabolic rise the past 7-10 days and since yesterday it broke above both the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The move appears to be replicating the massive rally of January - March 2021. So far the Symmetrical Resistance levels of 2021 have been respected during the current run. The next is just above 0.3700. A rejection there, or on the 0.5000 September Resistance, should test the lower MA as a Support. If that holds, expect the test of the 1.35 (roughly) All Time High by June. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
COINBASE:SKLUSDLong
by TradingShot
11
skale network - long chart trend (skl) Breakout?Hello trading friends, This is a small view update for the possible trend for long on SKL with the possibility of a breakout. Know that sometimes coins increase, but after that, it goes into recovery - for this reason, the place always good sl on any study coin you have done. Data: SkL looks interesting and the time frame should confirm a coming time or this are only for a small-time or longer time. It's also not a bad idea to wait on recovery trends or a re-test on further levels. Know that fast handling and just entering the market could bring some into losing - study the trend well and take time - there is no hurry to make always directly an action. And the market is very big 24/7 open. study your setups, and check which markets are good for you. Trying to check the best possible time frame coins that have possibility to increase depending on more data trends. Have a great day. This is not a trading call - manage always your risk. #If you like the content leave a like and follow - Thank you
Long
by watchtrend