Sky Protocol (SKY) Eyes 36% Rise to $0.095

Sky Protocol’s native token SKY traded near $0.088 after a 28% gain since a breakout in mid-February. Weekly technical indicators show the Relative Strength Index around 68 and a MACD histogram printing positive bars. Technical readings project a 36% rise to $0.095 provided a $0.078 support level holds.

On the weekly chart the RSI remains below the overbought line and the MACD bars are expanding upward. Visible range volume is thin above $0.078, creating light resistance through the next price band. Price has reclaimed the 0.786 Fibonacci retracement near $0.086. A weekly close above $0.10 would expose a 1.272 extension at $0.117 and a 1.618 extension at $0.140. A loss of the 0.618 retracement near $0.075 would shift the weekly outlook to bearish.

The daily chart shows SKY broke a multi-month descending trendline in mid-February and has advanced in a stair-step pattern. Immediate support is in the $0.066 to $0.070 range. The daily setup measures a projected vertical leg of roughly 36% to $0.095, with $0.090 acting as a trigger level. A daily close below $0.066 would bring the February breakout into question and invalidate the daily setup.

On the four-hour chart price is pressing toward $0.090 while the 4-hour RSI has rolled over and printed a lower high versus its recent peak, an early sign of waning buying pressure. The 4-hour MACD sits near the zero line and does not confirm the advance. A parabolic curve drawn from an early-April low has been tested three times and held. Immediate support near $0.084 was tested on April 27; a deeper cushion sits at $0.078. A clean break below $0.078 would likely invalidate the parabolic structure and trigger a sharper pullback toward daily support levels.

Fundamental developments have accompanied the price action. Sky Protocol replaced MakerDAO in late 2024, with MKR holders able to convert into SKY at a fixed 1:24,000 ratio. The project has promoted upgraded tokens, new features and rewards for early sign-ups, and its roadmap includes a listing on a major exchange and the introduction of USDS staking rewards.

Key levels to monitor are a near-term objective at $0.095, a psychological ceiling at $0.10, weekly extensions at $0.117 and $0.140, and downside invalidation on a weekly loss of $0.075 or a daily close below $0.066. Short-term participants will watch the $0.084 to $0.078 support corridor and momentum indicators for confirmation of further upside or the start of a deeper correction.