SKY -81.26% 24H Drop Amid Volatile Market Conditions

On SEP 18 2025, SKY dropped by 81.26% within 24 hours to reach $0.07694, SKY rose by 5.2% within 7 days, dropped by 81.26% within 1 month, and rose by 5.2% within 1 year.

The sharp decline in SKY’s price over the past 24 hours has sparked immediate concern among investors and analysts. Following the drop, the token briefly reversed course with a 5.2% increase over the next seven days. Despite this short-term recovery, the broader trend remains bearish, with the token experiencing an 81.26% decline in value over the past month. The 5.2% gain over the last year, however, reflects some underlying resilience in the long-term performance of the asset.

Technical analysis of SKY’s price movement shows a break below key support levels in the last 24 hours, aligning with recent on-chain activity that suggests increased selling pressure. This is in contrast to the preceding seven-day period, where SKY showed signs of stabilization through a modest but notable increase. Analysts project that continued volatility may persist in the near term, with the potential for further price corrections if current trends continue. Long-term investors are advised to monitor developments in the broader crypto market as they can influence SKY’s trajectory.

The recent price action has triggered a reevaluation of trading strategies among market participants. Several key indicators, including moving averages and relative strength index (RSI), have shifted into bearish territory, reinforcing the notion that SKY is undergoing a period of consolidation and testing.