SKL -400.94% 7D Drop Amidst Market Volatility and Projected Fundamentals

On SEP 6 2025, SKL dropped by 269.81% within 24 hours to reach $0.02892, SKL dropped by 400.94% within 7 days, dropped by 851% within 1 month, and dropped by 4010.93% within 1 year.

The steep decline in SKL over the past week reflects broader market uncertainty and a lack of investor confidence in the asset. Multiple reports indicate a shift in capital away from high-risk digital assets, especially those not tied to tangible economic fundamentals. SKL’s price performance over the past 7 days is particularly striking, as it has fallen by 400.94%, far outpacing declines in more established assets in the sector.

Analysts project that the continued downward trend could persist if key on-chain metrics fail to stabilize or if macroeconomic factors worsen. The market is closely watching for signals of a potential bottoming process, with some observers suggesting that volatility may continue to test support levels repeatedly before a clearer direction emerges. The one-year performance of -4010.93% suggests that SKL has experienced a structural shift in its valuation profile and may require significant fundamental developments to regain traction.

The technical indicators for SKL have also deteriorated sharply. The asset is currently trading well below its 50-day and 200-day moving averages, signaling bearish momentum. The relative strength index (RSI) has entered oversold territory, a condition often associated with potential short-term rebounds, although this does not necessarily guarantee a reversal in the broader trend.