SKL NEEDS A STRONG PUSH TO SMASH THROUGH THESE RESISTANCE ZONESSKALE NETWORK has recently reached an important milestone. Dapps are now officially building on SKALE, and it is an official bridge to the ETHEREUM blockchain. SKALE intends to improve efficiency on the ETHEREUM blockchain and reduce transaction fees.
Technically speaking, the trend line in black has proved to be a stubborn resistance and hammered the price action down throughout the past three months. SKL needs to gather all the strength it can muster to break through this resistance. Also, I can see the possibility of a parabola developing. The possibility of golden crosses between EMA50 & EMA100 and MA50 & MA100 speaks of a bright future ahead. MACD is posing a divergence in the positive zone. However, RSI is on the verge of entering the overbought zone. Volume is gradually picking up. I suspect that something massive is brewing.