SKY/USDT · 1D · 2 Nov 2026
Sky (SKY) price analysis — daily chart
Sky (SKY) is at 0.06655 on the 1D chart. SKY is in a downtrend that is still pressing lower. The structure is still down: lower highs and lower lows, and the last lower high at 0.07731 has not been taken back.
Downtrend, bouncing — price took out the 0.06693 low and turned straight back
Where SKY is
A downtrend still pressing lower.
SKY is in a downtrend that is still pressing lower. The structure is still down: lower highs and lower lows, and the last lower high at 0.07731 has not been taken back.
The weekly picture: a weekly uptrend, 35% under the cycle high; on the daily, price is above the 200-day (0.06677), and the 50-day is above the 200-day. The daily trend runs against the weekly.
Price took out the 0.06693 low and turned straight back — the stops past it are gone, and a sweep that reverses is the classic trap. It does not stand alone: the 0.382 fib of the last swing sits at the same price.
SKY rose 16% to 0.07731 on the daily chart, then gave it all back, dropping 20% to 0.06181, taking out the 0.06693 low on the way, and has since won back about half of that pullback. It is now pinned in a tight 0.06628–0.06693 band.
The daily structure is a downtrend — lower highs and lower lows. The drop has not bounced enough to set a new lower high — the last one is far above, at 0.07731. Price is sitting on the 0.06413 support, which has held 4 times; it was resistance before it flipped.
Bounce into resistance in a downtrend at 0.06681. It confirms if price stays below 0.06681. A close above 0.06909 cancels it.
Bounce in a downtrend.
Who's behind the move
The rest of the chart backs the downtrend. Price is under every average that matters: the Ichimoku cloud and the 200 EMA (the 20 under the 50). MACD is below its signal line, so the latest swing has downward momentum of its own. Everyone who bought since the last top is still losing (average since the swing high 0.07641).
What doesn't fit: The trend is weak — ADX 18, under the 25 where a trend is real, with sellers only slightly ahead (−DI 22, +DI 17). Price is above the average price paid since the swing low (anchored VWAP 0.06628), so the buyers since that low are in profit. These are the cracks in an otherwise intact downtrend.
Also on the chart: RSI is 43, neutral — neither side's closes dominate. Volume flow is flat (CMF +0.01, OBV rising) — volume is not taking a side.
A high-volume price that price has not revisited (a naked POC) sits below at 0.0536; and another above at 0.0710; value is migrating up (+12.2%) — the prices where most volume trades are moving higher; price is spending time inside value — the market is accepting these prices.
The levels on the chart
0.06908, a 0.618 retracement 3.8% above price: sellers turned price there on 11 of 16 visits, on 1.8× the usual volume; it lines up with the 0.618 of the chart's whole range.
0.06770, a resistance 1.7% above price: sellers turned price there on 11 of 15 visits, on 2.0× the usual volume; it lines up with the weekly open.
The long-term lines: the 200-day average at 0.06677 (+0.3%), the 50-day average at 0.07359 (+10.6%), the yearly open at 0.05774 (−13.2%) and the quarterly open at 0.07768 (+16.7%).
0.06693, the 3-TF resistance 0.6% above price: sellers turned price there on 7 of 13 visits, on 2.0× the usual volume; it lines up with the anchored VWAP from the swing low.
The last swing high at 0.07731, not yet taken — the kind of spot where stop orders usually sit just above.
4 equal lows at 0.05529, not yet taken — stops sit just below.
0.0641 is the level on the most timeframes — 3 timeframes (1D/4H/1H), 4 touches; an order block sits at the same price.
Measured on the running drop from 0.07731 to 0.06181, price has given back 31% of it — a shallow bounce. The golden pocket, 0.07139–0.07189, is where the 0.618 retracement of that drop sits. Its extensions mark 0.05759 (1.272) and 0.05223 (1.618) below.
0.06433 is where two separate tools meet: the 0.236 Fibonacci level of the last swing and a support.
0.05204–0.05408 is a fresh demand zone: price fell into it, paused, then rallied hard (2.3 average candles in one move); price has not been back since.
A bearish breaker block at 0.07618–0.08319: an old order block that price has since broken through.
The nearest round numbers: 0.07000 above and 0.06000 below.
What to watch
A 1D close past 0.06703 or 0.06628 changes the picture.
Downtrend — lower highs and lower lows; it holds while price stays under 0.07731.
A 1D close above 0.06703 breaks the box's ceiling, though the downtrend's last lower high still sits above; no tested level above it on this chart.
A 1D close below 0.06627 loses the floor inside a downtrend — a new low in the trend's direction; no tested level below it on this chart.
How to use it
Wait for a 1D close above 0.06693 or below 0.06628.
Since the last read: still in a downtrend, unchanged since earlier today.
Key levels
| Level | Price | From price | Role |
|---|
| 2-TF resistance | 0.06967 | +4.7% | confluent, calendar |
| Golden pocket | 0.06908 | +3.8% | golden pocket, order block |
| Resistance | 0.06770 | +1.7% | calendar, sr |
| 3-TF resistance | 0.06693 | +0.6% | confluent, calendar |
| 2-TF support | 0.06628 | -0.4% | confluent, sr |
| Fib retracement | 0.06585 | -1.1% | fib, swing |
| Golden pocket | 0.06490 | -2.5% | golden pocket, order block |
| 3-TF support | 0.06413 | -3.6% | confluent, order block |
| Fib retracement | 0.06354 | -4.5% | fib, hvn |
Updated 2 Nov 2026. Run a live Sky read →
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