$SKYAI crashes 30%! Will the $0.13 support hold, or will price crash further?📉🔻👀
#SKYAI plunged 30.53% over the last 24 hours as sellers tightened their grip across the market and triggered one of the token’s sharpest daily declines in recent weeks.
Trading activity accelerated aggressively during the downturn, with volume climbing 253.8% to $163.3 million despite the heavy drawdown.
The latest sell-off followed a period of exceptional strength.
SKYAI had rallied 80% to $0.3070, highlighting a sharp resurgence in buyer interest after weeks of subdued price action.
However, buyers failed to sustain that advance, allowing the market to reverse sharply and erase a significant portion of the gains.
Trading activity remained elevated throughout the decline, reflecting strong participation from both buyers and sellers.
Can SKYAI defend support inside its downtrend?
Price structure remained firmly bearish as SKYAI continued trading inside a descending channel that had guided the correction since its earlier peak near $0.80.
Recent candles approached the lower boundary of that channel while the price hovered around $0.14, placing the market near an important decision zone.
The nearest support rested around $0.13, whereas major resistance remained near $0.27. Technical indicators reinforced the cautious outlook.
RSI fell to 35.86 and approached oversold territory, showing that bearish pressure remained dominant despite signs of slowing downside acceleration.
MACD also maintained a bearish configuration, with the MACD line staying below the signal line and histogram bars remaining negative.
However, the extended decline suggested that sellers had already exerted significant pressure, which could encourage stabilization if support continued holding.