The cryptocurrency SKL has recently shown a bullish rebound after interacting with a key support zone, creating opportunities for further growth.
Rebound from Support Zone
The SKL/USDT 4-hour chart shows price testing the rebound zone, confirming strong demand. This zone coincides with weekly support, indicating institutional buying interest. As noted by Crypto Patel: “Price tapped into the breaker block and rebounded, confirming demand. Confluence with the weekly overlapping zone acts as strong support.” This interaction suggests buyers are actively defending this level.
Liquidity Sweep and Market Structure 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. Crypto Patel remarked: “Sell-side liquidity has been cleared, shifting order flow bullish.” Clearing lower liquidity points provides a smoother path for price recovery.
Potential of External Liquidity Pools
External liquidity pools remain untested, with the next target near $0.04044. This untapped zone can act as a directional magnet, guiding price upward. Crypto Patel emphasizes: “Clear upside liquidity pools remain untouched, drawing price higher.” As long as SKL holds above the breaker block around $0.028–0.029, bullish momentum remains intact.
With solid support and active accumulation, SKL continues to exhibit a stable bullish trend with growth potential in the short term.
