SKYAI recovery fail as open interest drop, risk say correction go deeper
SKYAI rebound lose momentum as sellers take control again, increasing risk say na market fit drop more. After e rise about 15% from the $0.147 support zone go toward $0.205, SKYAI fall 27.5% to $0.1928, market cap drop to around $192.87M.
Spot liquidity cool down with trading activity. Volume fall 25.72% to around $53M, and derivatives positioning dey weaken more. Open Interest for SKYAI drop 20.38% to $83.7M, meaning leveraged longs dey close instead of new bullish futures demand entering.
Technically, SKYAI no fit reclaim the key $0.35 resistance, so downtrend still dey. RSI slip to 44.63, show say buyer momentum dey fade but e no deep oversold. If $0.152 break, next support wey person go watch na around $0.06.
Liquidation heatmap highlight potential “liquidity pockets” above spot—main clusters around $0.21–$0.23 and more zones near $0.24 extend toward $0.27. These levels fit trigger short relief bounces, but dem no confirm sustained reversal.
Overall, the combination of falling Open Interest and resistance rejection make SKYAI near-term bearish, even as rebound targets dey nearby.
Bearish
Di latest update tok say SKYAI rebound fail as Open Interest still dey fall. Dis kain combination usually mean say dem dey reduce leveraged long exposure, so any rally fit meet sellers near resistance. Technically, rejection around $0.35 and weakness toward $0.152 keep the downtrend bias intact, with RSI under the midline. If e break down under $0.152 e go likely accelerate the downside follow-through, while higher “liquidity pockets” ($0.21–$0.23, $0.24–$0.27) fit only give short-term relief bounces no be proper reversal.