Deep Dive
1. Post-Delisting Liquidity Stabilization (Bullish Impact)
Overview: WOO X delisted SKYAI on November 11, disabling deposits and urging withdrawals by November 13. While initial delisting news (Nov 6) likely pressured prices, the completion of withdrawals removed forced selling, allowing price discovery on remaining exchanges like HTX and BYDFi.
What this means: Delistings often trigger panic selling, but post-event stabilization can reverse oversold conditions. SKYAI’s 57% 24h volume surge to $16.9M suggests renewed trading activity on supported platforms.
What to look out for: Sustained liquidity on HTX/BYDFi and potential new exchange listings.
2. Technical Rebound Signals (Mixed Impact)
Overview: SKYAI’s MACD histogram turned positive (+0.00032083) for the first time in weeks, signaling a potential bullish crossover. The price ($0.0191) also reclaimed its 7-day SMA ($0.01906), though it remains below the 30-day SMA ($0.021).
What this means: Traders may interpret this as a short-term buying opportunity, but resistance looms at the pivot point ($0.019355). A break above could target Fibonacci retracement levels (23.6% at $0.0283), while failure risks retesting the swing low ($0.014736).
3. AI Sector Sentiment (Neutral Impact)
Overview: SKYAI was recently highlighted in a Binance Alpha report as a blockchain-AI infrastructure project, aligning with the platform’s focus on utility-driven tokens.
What this means: While broader AI crypto narratives have cooled, SKYAI’s MCP protocol updates (e.g., Order Matchmaker system) could attract developer interest. However, the token’s 90-day -69.5% drop reflects skepticism about execution timelines.
Conclusion
SKYAI’s 24h gain appears driven by technical factors and delisting fallout subsiding, but macro downtrends and weak fundamentals limit upside.
Key watch: Can SKYAI hold above $0.0191 (7-day SMA) to confirm short-term momentum, or will resistance at $0.01935 trigger profit-taking?