The SKY price today is trading near the $0.092 mark, showing signs of renewed bullish interest after retesting key demand levels. While SKY price volatility remains elevated, the coin has managed to hold above recent trendline supports. Market participants are closely watching the recent breakout structure and volume shifts to assess whether the rally can sustain throughout June. What’s Happening with SKY’s Price? SKY price dynamics (Source: TradingView) The most recent SKY price update shows that bulls reclaimed the $0.088–$0.089 support zone following a successful retest of the ascending trendline drawn from the June 10 low. The bounce came in confluence with a break of descending resistance and a follow-through candle above the $0.09478 volume shelf, as confirmed by the Smart Money Concepts chart. SKY price dynamics (Source: TradingView) Interestingly, liquidity above recent equal highs near $0.096 has already been tapped, and price has momentarily paused. However, the structure still favors continuation as long as the asset remains above $0.088. SKY Price Action Holds Above Volume Support SKY price dynamics (Source: TradingView) From a volume perspective, the price has held above the $0.08863 node—identified as the point of control (POC) on the 4-hour volume profile. This area aligns with prior resistance and now acts as a platform for buyers to re-enter. A failure to hold above this could expose SKY to a retracement toward the $0.08341 level and below that to $0.07529, which marked the June swing low. SKY price dynamics (Source: TradingView) The SKY price action also aligns with a bullish shift in the directional movement index (DMI), where the +DI is now trending above the -DI line, showing strong momentum on the 30-minute chart. Meanwhile, the RSI is holding near 57, indicating moderate bullish strength but still below overbought territory. The BBP (Bull Bear Power) has flipped green on the 4-hour chart with a positive reading of 0.054, reinforcing that bulls are currently in control of short-term momentum. EMA and Bollinger Bands Suggest a Healthy Trend SKY price dynamics (Source: TradingView) The 20/50/100 EMA structure on the 4-hour chart remains stacked in favor of buyers. The SKY price today is comfortably holding above all three EMAs, particularly the 20-EMA at $0.08836, which continues to serve as dynamic support. Bollinger Bands are expanding, with price hugging the upper band near $0.09508. This behavior, coupled with recent SKY price spikes, suggests that traders are chasing breakouts, but the asset may require a short-term cooldown before a sustained move higher. Why SKY Price Going Up Today The primary reason why SKY price going up today is the confluence of bullish structural breaks and increased buying pressure around demand zones. The Change of Character (ChoCH) and Break of Structure (BOS) on the Smart Money Concepts chart confirm the bullish market intent. SKY Volatility and ATR Insights SKY price dynamics (Source: TradingView) The 14-period Average True Range (ATR) is ticking slightly higher at 0.00250, reflecting increased SKY price volatility during the recent breakout attempt. However, the move is not yet extreme, suggesting that further expansion is possible if the breakout above $0.096 strengthens. Moreover, VWAP levels on the 30-minute chart show price sustaining above the session average at $0.09401, indicating bullish positioning. SKY price dynamics (Source: TradingView) The MACD is flatlining on lower timeframes but remains above the signal line, while the RSI remains in neutral territory—indicating no immediate divergence. Short-Term Outlook and Forecast SKY price dynamics (Source: TradingView) Going into the second half of June 2025, the price outlook remains cautiously optimistic as long as SKY holds above $0.088. A daily candle close above $0.09508 would likely open up the path toward the $0.09873 and $0.100 psychological levels. Failure to maintain momentum above $0.094 could send prices back into the value zone between $0.087 and $0.088, potentially triggering a deeper pullback. Below is a summary of critical levels and technical indicators: Indicator/Level Value/Status SKY Price Today $0.0923 Immediate Resistance $0.09478 / $0.09873 Key Support Zones $0.08863 / $0.08341 RSI (30-min) 57.81 (Bullish) MACD (30-min) Slightly positive EMA Trend Bias Bullish (20/50/100 EMA) Bollinger Bands Upper band breakout VWAP (Session) $0.09401 (supporting) BBP +0.054 (Positive bias) ATR (14) 0.00250 (Expanding) If volume continues to build above the $0.094 level and no bearish divergence emerges, the SKY price could aim for a test of the $0.10 handle before the end of June. Traders are advised to monitor volume spikes and BBP dynamics for confirmation of trend continuation. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. 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