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$SKL on a 4_hours chart shows a descending trendline, indicating a bearish structure. The price is struggling to break above the resistance zone around 0.03000 USDT, marked by the orange area. The support levels are around 0.02500 and 0.02391 USDT, which could act as a cushion if the price declines further. A breakout above the trendline could signal a bullish reversal, targeting 0.03453 USDT. However, failure to break the trendline may continue the downtrend. we should watch for volume and momentum confirmation.
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