Technical analysis by HexaTrades about Symbol SKL: Buy recommendation (8/13/2025)

SKLUSDT has broken above a long-standing descending Channel resistance on the daily timeframe. This breakout is backed by a noticeable increase in trading volume, signaling renewed buying interest after months of consolidation. The chart setup indicates a potential shift in market structure from a prolonged downtrend into an accumulation-to-uptrend phase. If the breakout sustains above the $0.027 level, we could see a 50%–125% move in the coming weeks. Cheers Hexa