Resistance

SKALE

Coin

Starz

<ul class="list-ic vertical">
 <li><span>1</span> <a>SKL coin price surged to the year-to-date high of February.&nbsp;</a></li>
 <li><span>2</span> <a>SKALE Network is an open-source, Ethereum-compatible multichain network.</a></li>
 <li><span>3</span> <a>The CEO of SKALE Labs shared his excitement about the partnership’s potential.</a></li>
</ul>
<p>SKALE Network is an open-source, Ethereum-compatible multichain network designed to improve the scalability of Ethereum dApps. It accomplishes this through high transaction capacity, rapid confirmation times, and zero gas fees by using its native gas token, sFuel. The SKALE Chains are fast and compatible with Ethereum’s Virtual Machine (EVM). Moreover, they can communicate with each other and Ethereum’s Mainnet via a secure bridge.</p>
<h2 class="wp-block-heading" id="strong-skale-network-and-starzplay-collaboration-strong"><strong>Skale Network and Starzplay Collaboration</strong></h2>
<p>Starzplay, a subsidiary of Starz Inc., has partnered with the SKALE blockchain network. The aim is to create a new sports streaming platform that combines entertainment and blockchain technology. Users can watch football matches and play fantasy sports on Starzplay mobile app.&nbsp;</p>
<p>Starzplay offers a vast range of entertaining content, including movies, TV shows, and original programming. It’s a global streaming platform accessible through the mobile app or website.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-424.png" alt="SKL Coin Analysis: The Price is Near YTD High, Will it Break?" class="wp-image-181424" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-424.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-424-300x103.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-424-1024x353.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-424-768x264.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-424-1536x529.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-424-750x258.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-424-1140x393.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
 </figure>
</div>
<p>Users can subscribe to different plans to access the content catalog, and the platform aims to become a central hub for sports entertainment, fostering improved user engagement and relationships with rights holders. The expansion of the initiative includes more leagues as sports is part of a larger vision.</p>
<h3 class="wp-block-heading" id="strong-words-from-the-cso-and-ceo-of-both-companies-strong"><strong>Words From the CSO and CEO of Both Companies</strong></h3>
<p>The Chief Strategy Officer of Starzplay, Alessandro Masaro, emphasized the uniqueness of their blockchain-based service in the region. This innovative platform offers users an interactive sports experience and a chance to win exciting prizes.&nbsp;</p>
<p>Jack O’Holleran, CEO of SKALE Labs, shared his excitement about the partnership’s potential. He highlighted the remarkable technological leap achieved by combining streaming TV, mobile interaction, Web3, and NFTs.</p>
<h2 class="wp-block-heading" id="strong-prediction-of-skl-coin-price-strong"><strong>Prediction of SKL Coin Price&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img loading="lazy" decoding="async" width="1600" height="764" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-425.png" alt="SKL Coin Analysis: The Price is Near YTD High, Will it Break?" class="wp-image-181425" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-425.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-425-300x143.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-425-1024x489.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-425-768x367.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-425-1536x733.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-425-750x358.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-425-1140x544.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   SKL/USDT chart by <a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=BINANCE%3ASKLUSDT" rel="noopener noreferrer nofollow">TradingView</a> (Daily time frame)
  </figcaption>
 </figure>
</div>
<p>At present, the SKL coin is trading at the $0.06021 level. The coin has surged to its level of the year-to-date high. As per the current price action, the SKL bulls can take support at the levels of $0.0331 and $0.02045. Meanwhile, the bears can get a hold of the resistance levels at $0.0463 and $0.061.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="415" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-423.png" alt="" class="wp-image-181423" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-423.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-423-300x78.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-423-1024x266.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-423-768x199.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-423-1536x398.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-423-750x195.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-423-1140x296.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
 </figure>
</div>
<p>The RSI on the other hand has reached an overbought zone of 78 while its SMA is at the level of 71. The gap between these two is less significant indicating that the bulls haven’t given up yet. The moving averages are way below the price.&nbsp;</p>
<p>The 50-day EMA is at $0.0302 while the 150-day EMA is at the level of $0.02779. The price prediction for the SKL <a href="https://www.thecoinrepublic.com/2023/11/17/osmo-coin-bulls-are-confronting-bears-at-the-resistance-level/" target="_blank" rel="noopener noreferrer nofollow">coin price</a> states that the bulls can stay between the first and second resistance.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Starzplay, a subsidiary of Starz Inc., has partnered with the SKALE blockchain network to create a new sports streaming platform. This innovative platform offers users an interactive sports experience and a chance to win exciting prizes. The current trend is bullish as the bulls are in control.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $0.0331 and $0.02045</li>
 <li><strong>Resistance Levels: </strong>$0.0463 and $0.061</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.</p>

SKL Coin Analysis: The Price is Near YTD High, Will it Break?

Table of Contents

Thecoinrepublic.com

Άλλα άρθρα που δημοσιεύτηκαν στις 22 Νοε 2023

Pakistan makes surprising move to join BRICS

Blur Token Attracts Major Whale Investments Amid New Staking Mechanism

This Crypto CRASHED when OpenAI’s CEO Sam Altman was Fired

Wipro and NVIDIA Forge Alliance to Revolutionize Healthcare with AI

Best Crypto Presales To Invest in Now

The SEC Calls Solana (SOL) a Security Once More – Celestia (TIA) and Everlodge (ELDG) Prices Moon

Join our free newsletter for daily crypto updates!