Skale (SKL), which is the center of attention of the crypto currency market in recent days, drew attention with a value of approximately 51 percent in 24 hours. It is stated that there are various speculation and potential new partnerships are expected. In particular, rumors that the SKALE team may be in preparation for a cooperation with Google, and the fact that the founder of the company is seen on Google seems to have increased the interest of investors.
NETWORK GROWTH AND GREAT INVESTOR OPERATIONS
One of the main elements that contribute to the increase in the price of SKALE is seen as the fact that investors (Whele), which contain large amounts of token on the network, have collected significant amounts of SKL. In the last 24 hours, 100 million to 1 billion SKL addresses, over 200 million token is expressed. The total value of this amount is around 8.6 million dollars. Experts say that this size positions can support market confidence.
“The increasing interest of major investors points to positive expectations for SKL in the market ,, an analyst evaluated an analyst.
In addition, the growth of the Skale network draws attention. The network growth, which has reached the highest levels of the last three years, has gained momentum with the rapid involvement of new wallets. Opening 572 new addresses in the last two days means an increase of 1171 percent in two days. This trend reflects the rise of investor interest.
However, after the rapid growth recorded, a limited decline was observed today. However, it is stated that the increase in the number of active participants positively affects the interest in SKL. Sector observers discuss the rise in the number of active addresses as an element that strengthens SKALE’s position in the market.
Price resistance and possible scenarios
The price of the SKL is traded at the current level of $ 0.044. Despite the last 24 -hour rise, there was a 10 percent decline today. On a weekly basis, this fluctuation following the 118 percent increase is revealed in the market volatility. Investor’s interest is alive, but the price is reported to face resistance.
“If the resistance of $ 0.049 is exceeded, the upward acceleration of the price can continue to continue,” a market expert said.
In the event that the protection of investor confidence and sales pressure is limited, the SKL price is likely to rise above this level. In such a scenario, the price may come to the agenda to test the level of $ 0.050 and the upward movement may continue. However, if there is a possible sales pressure in the markets, it is evaluated that SKL may decrease below $ 0.038 support.
In this possibility, it may be possible for the price to fall to $ 0.029 and to return the recent gains. Currently, dynamic market conditions require SKL investors to be cautious. Sector resources indicate that the fluctuation in prices can maintain both up and downward potential.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
