- SKL bounced from a major breaker block, with weekly overlapping support confirming buyer activity and establishing a strong bullish base.
- Sell-side liquidity was cleared, shifting market structure and enabling accumulation, allowing price to move toward untouched upside liquidity pools.
- Untested external liquidity near $0.040 acts as a directional magnet, indicating potential gradual upward momentum in the short-term trading sessions.
$SKL has recently shown a bullish rebound after interacting with a key breaker block zone. Price action suggests accumulation and the potential for a controlled upward move. The weekly overlapping support adds a stable foundation for buyers to defend.
Breaker Block Rebound Confirms Demand
The SKL/USDT 4H chart shows price testing the breaker block, providing confirmation of strong demand. This zone coincides with a weekly support region, indicating institutional buying interest. Traders may interpret this as a valid bullish base for short-term accumulation.
According to Crypto Patel, “Price tapped into the breaker block and rebounded, confirming demand. Confluence with weekly overlapping zone acts as strong support.” The interaction with the breaker block suggests buyers are actively defending this level.
The rebound from this zone signals that market participants recognize this level as a key point for accumulation. Price stabilization here can support gradual upward momentum in the coming sessions.
Sell-Side Liquidity Sweep Supports Market Shift
Earlier market activity cleared sell-side liquidity below previous lows, allowing stop-loss orders to be triggered. This liquidity sweep enabled accumulation and weakened downward pressure. As Crypto Patel notes, “Sell-side liquidity has been cleared, shifting order flow bullish.”
The clearing of lower liquidity points provides a smoother path for price recovery. Market makers can now focus on driving price toward untapped buy-side liquidity without immediate downside interference.
This process coincides with a shift in market structure. Previous lower-range rejections are being absorbed as buyers gain control, reflecting a subtle transition toward bullish order flow.
External Liquidity Pools Offer Upside Potential
External liquidity pools remain untested, with the next target near $0.04044. This untapped zone can act as a directional magnet, guiding price upward. Traders often monitor these areas for breakout opportunities.
Crypto Patel emphasizes the potential: “Clear upside liquidity pools remain untouched, drawing price higher.” The alignment of liquidity and market structure provides a pathway for a gradual but controlled bullish expansion.
As long as SKL holds above the breaker block at approximately $0.028–0.029, bullish momentum remains intact.Short-term projections have meandering in the direction of $0.035-0.040 that are supported by accumulation around key levels.SKL is $0.028835 at the time of writing, with a trading volume of $25,512,676 USD in the last 24 hours. Clearly, there is still a market activity suggesting there is some solid interest and that could reinforce more bullish chances.
