SKI price analysis indicates a crucial support line has been reached after a retracement period, signaling a potential rebound ahead.
The daily chart shows a bullish trend despite a recent drawdown from the $0.12 level, with the price currently sitting at a significant support line.
Volatility has decreased leading to indecisive trading, with the possibility of a bullish rally if the support line holds and prompts increased buying activity.
Key levels to watch for SKI include support at $0.046, $0.035, $0.0245, and resistance at $0.09, $0.119, $0.245, with the current spot price at $0.074 reflecting a bullish trend with low volatility.