SKYAI jumps 44%, targets $0.15 – But THESE barriers stand in the way

$SKYAI crypto returned to prominence following one of the market’s strongest rallies over the past 24 hours.

At press time, the crypto token traded at $0.04608 after gaining 43.92%, according to CoinMarketCap. The rally pushed $SKYAI above its 20-day Exponential Moving Average (EMA) at $0.03814.

Meanwhile, Trading Volume increased 130.98% to $40.24 million, reflecting stronger market participation.

Why are $SKYAI traders turning bullish?

The biggest shift came from the derivatives market.

Open Interest rose 70.03% to $13.5 million as $SKYAI’s price advanced. This suggested traders opened new leveraged positions instead of merely closing existing ones.

Long positions also represented 54.76% of one-day positioning. Meanwhile, the Long/Short Ratio stood at 1.21. Both readings showed that leveraged traders increasingly favored further upside.

However, rising Open Interest alongside long dominance could increase liquidation risks if $SKYAI reverses sharply.

Can $SKYAI reach $0.15?

The daily chart showed $SKYAI recovering from the demand zone around $0.025. Its move above the 20-day EMA marked an early improvement after weeks of weaker price action.

However, $SKYAI remained within the chart’s broader descending structure.

The next major imbalance zone began near $0.15, although reaching it would require an approximately 226% rally. Before testing that zone, the altcoin must reclaim moving-average barriers around $0.091 and $0.130.

Overall, the price rally, expanding Open Interest, and bullish Long/Short Ratio supported stronger short-term momentum. Still, holding above the 20-day EMA could determine whether the recovery extends or quickly loses steam.

Final Summary

• $SKYAI gained 43.92% to $0.04608 as Trading Volume surged 130.98% to $40.24 million.
• $SKYAI must reclaim $0.091 and $0.130 before challenging the $0.15 imbalance zone.