$SKR experienced a strong short liquidation near $0.02444, reflecting a rapid upward push that trapped sellers and boosted bullish momentum. This squeeze suggests buyers aggressively took control and forced price higher. The key support zone now lies around $0.0235–$0.0240 which should act as a base for continuation. If price holds above this level, SKR can target immediate resistance near $0.026–$0.028, with the next bullish objective around $0.030 where liquidity is concentrated. After short liquidation events, momentum often remains in favor of buyers unless structure breaks down sharply. A drop below $0.0235 may lead to consolidation toward $0.022 before renewed strength. Overall momentum remains bullish post-squeeze. $SKR
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$SKR experienced a strong short liquidation near $0.02444, reflecting a rapid upward push that trapped sellers and boosted bullish momentum. This squeeze suggests buyers aggressively took control and forced price higher. The key support zone now lies around $0.0235–$0.0240 which should act as a base for continuation. If price holds above this level, SKR can target immediate resistance near $0.026–$0.028, with the next bullish objective around $0.030 where liquidity is concentrated. After short liquidation events, momentum often remains in favor of buyers unless structure breaks down sharply. A drop below $0.0235 may lead to consolidation toward $0.022 before renewed strength. Overall momentum remains bullish post-squeeze. $SKR