The SKALE (SKL) token has shown significant recovery after a prolonged period of decline. This article provides a technical analysis and price forecast for the coming years.
Technical Analysis of SKL
Since early August, SKL has staged a sharp recovery, breaking a multi-month downtrend. The current price is around $0.042 after briefly touching $0.0515. Notably, SKL has breached the 0.5 Fibonacci retracement level at $0.0509, indicating potential market structure changes.
Support and Resistance Levels
Current support levels are located at $0.0394 and $0.0320, reinforced by strong moving average indicators. Resistance is at $0.0509, which is the critical Fibonacci level. A breakout above this level could lead to further gains.
Price Forecast for 2025–2030
The table presents price forecasts for SKL from 2025 to 2030. If the token can maintain above $0.039, it could aim for $0.0592 in 2025. Subsequent years see a gradual increase, potentially reaching prices of up to $0.129 by 2030.
The recovery of SKALE above multi-month resistance has significantly improved its technical outlook. Momentum signals and key support levels suggest the potential for further growth of the token in the long term.
