Market Overview: SKALE/Tether (SKLUSDT) 24-Hour Performance

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Dec 20, 2025 3:27 pm ET1min read
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- SKLUSDT formed bullish reversal patterns near 0.01023, surging to 0.01068 amid strong buying pressure.

- Volatility spiked at key resistance levels (0.01058-0.01068), with RSI hitting overbought 70 but no bearish divergence.

- Price consolidated near 0.01055-0.01065, aligning with 61.8% Fibonacci retracement and upper Bollinger Band.

- Moving averages (20/50/200-period) and MACD confirmed bullish momentum, but caution is advised near overbought levels.

Summary
• Price formed bullish reversal patterns near 0.01023, followed by a strong upward thrust to 0.01068.
• Volatility expanded significantly mid-day, with volume spiking at key resistance levels.
• RSI indicates overbought conditions near 0.01068 but has not yet triggered a bearish divergence.

SKALE/Tether (SKLUSDT) opened at 0.01037 on 2025-12-19 12:00 ET, reached a high of 0.01081, touched a low of 0.01023, and closed at 0.01057 on 2025-12-20 12:00 ET. Total volume was 20,719,660, and turnover amounted to $219,797.

Structure & Formations


The 24-hour chart shows a key support area forming around 0.01023, where a bearish breakdown attempt was met with buying pressure.
This led to a bullish engulfing pattern and a strong upward thrust by midday. Price then consolidated within a tightening range after reaching 0.01068, suggesting potential exhaustion.

Moving Averages


On the 5-minute chart, the 20-period MA (0.01046) and 50-period MA (0.01051) show a bullish crossover. On the daily chart, the 50-period MA (0.01049), 100-period MA (0.01045), and 200-period MA (0.01041) indicate a long-term bullish bias with price above all.

MACD & RSI


The MACD showed a bullish crossover mid-day, aligning with a price breakout to 0.01068. However, RSI reached overbought territory around 70 at the high, with no bearish divergence observed, suggesting sustained buying pressure.

Bollinger Bands


Volatility expanded significantly during the mid-day breakout, pushing price to the upper band. Price has since moved back toward the middle band, indicating a potential pause in the momentum and a possible consolidation phase.

Volume & Turnover


Volume spiked at key resistance levels, particularly around 0.01058 and 0.01068, confirming the strength of the upward move. Turnover also surged in these areas, aligning with price action and supporting the bullish narrative. No notable divergence was observed.

Fibonacci Retracements


On the 5-minute chart, the 0.01058 level corresponds to the 61.8% retracement of the previous bearish leg, suggesting a possible pause or pullback. On the daily chart, the 0.01068 level aligns with the 61.8% retracement of a larger bullish move, signaling potential resistance ahead.

Looking ahead, the price may consolidate near the 0.01055–0.01065 range or test key support at 0.01045 if bearish momentum builds. Investors should remain cautious of overbought conditions and watch for any breakdown below 0.0105.