SKY -556.64% in 1 Year Amidst Market Pressures

On SEP 20 2025, SKY dropped by 11.01% within 24 hours to reach $0.0727, SKY dropped by 556.64% within 7 days, dropped by 556.64% within 1 month, and dropped by 556.64% within 1 year.

The sharp decline in SKY’s value has raised questions about the sustainability of its underlying business model and its position within the broader digital asset ecosystem. Recent events have highlighted a significant loss of investor confidence, with the token failing to meet previously anticipated growth targets. This has led to a broader reassessment of its value proposition by market participants, many of whom are now viewing the asset through a more conservative lens.

From a technical standpoint, the prolonged downward trajectory of SKY is supported by a number of key indicators. The RSI has remained in oversold territory for an extended period, indicating a lack of momentum on the buy side. Meanwhile, the MACD line has consistently stayed below the signal line, reinforcing the bearish sentiment. These patterns suggest a continuation of the current trend unless there is a major external catalyst capable of reversing market sentiment.

Backtest Hypothesis

A backtesting strategy was developed to evaluate the potential effectiveness of a long-term exit strategy based on a combination of RSI and MACD signals. The strategy assumes a sell position when the RSI crosses above 70 and the MACD line crosses below the signal line. These conditions are designed to identify overbought conditions and diverging momentum, which have historically coincided with key resistance levels. The backtest is intended to assess whether these signals could have mitigated exposure to the extended bearish trend observed in SKY.