SKI MASK DOG PRICE ANALYSIS & PREDICTION (May 11) – SKI Rebounds Following 35% Weekly Gains, Can it Breakthrough This Crucial Resistance Level?

After a two-week pullback from a crucial resistance level, SKI is back in an upward range following a rebound from a nearby support. It now appears bullish daily following a slight breakout of a falling trendline. Last month marked a slight change in SKI’s trading landscape following a notable bounce from the $0.00245 level, tested as its lowest price level since it was launched on the centralised exchange market late last year. The bounce brought a major recovery in the market following an over 2x increase in three weeks, but it eventually lost buzz after facing resistance at $0.09 in the late month. The daily candle wick and the price slipped. Leading to thrice rejections of the falling trendline, acting as resistance for months, it initiated a pullback and dropped under $0.05 for days. The $0.046 level provided support this week and the price resurged with a successful breakthrough the resistance line; although the break is not clear enough to signal a bullish move. Even if the price further increases, it must overcome the mentioned resistance to confirm the bullish signal. However, considering the latest setup, which looks like a completing bullish head-and-should pattern on a daily, we can anticipate a massive rally once the price flips this crucial resistance. Right now, the bears are off the market. SKI’s Key Levels To Watch Source: Tradingview A successful break above the $0.09 resistance should validate a bullish move to $0.152. The higher resistance level to watch for a test is the $0.245 level. Currently, the $0.046 level is providing support for the market. If by any chance the bears return, the levels to consider for drops are $0.035 and $0.0245. Key Resistance Levels: $0.09, $0.152, $0.245 Key Support Levels: $0.046, $0.035, $0.0245 Spot Price: $0.068 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Source: NullTx