Skycoin price analysis: SKY/USD set to surpass $1.3 in the next 24 hours

TL: DR Breakdown Yesterday, Skycoin traded in bearish momentum.The Bollinger bands are narrow in the last 24 hours, meaning SKY/USD is trading in a mild volatile market.On the 4-hour skycoin price analysis chart, SKY/USD has traded in a tight range of $1.1 to $1.3, signaling low liquidity in the market.  Skycoin price analysis: General price overview Yesterday, Skycoin traded in bearish momentum. In today’s early trading hours, the buyers came into the market in large numbers, outnumbering the sellers, causing a surge in SKY/USD price. The buyers did not dominate the market for long before the bears came in, pushing the prices upward. Buyers were unhappy with the negative market trend, so they came into the market causing price surge to intraday highs of $1.3, where it faced bold resistance from the sellers who had dominated the market. The Bollinger bands are narrow in the last 24 hours, meaning SKY/USD is trading in a mild volatile market hence the close range.  Skycoin movent in the daily price analysis chart: SKY/USD attempts to go above the highest price of the day At the time of writing, Skycoin was trading at $1.25. The coin’s price is trapped in a trough with support at $1.22. Meanwhile, after falling into a wedge that dropped it to $1.11 on the four-hour chart, the DOGE/USD pair has resumed its ascent. SKY/USD trading volumes have increased by 20 percent, adding the total trading volumes to $1.2 billion. ...