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$SKYAI Is this the start of the second major upward wave, or just a dead cat bounce?
It's also a meme coin that bottomed out, rose significantly, then experienced a deep correction of 65%. Today, it surged sharply from a low of 0.269 by 32.8%, with 24-hour trading volume exploding.
However, technically, the MACD has already shown a bullish divergence and a golden cross, indicating a strong short-term rebound.
Such volatility is quite large, and it is currently in a recovery phase below the previous high of 0.86. It’s recommended to wait for a pullback and consider entering around the 0.32-0.34 range.
The resistance is in the dense area of chips from the previous big drop before 0.45. If it cannot break through, it’s basically a trap for a rebound.