SKY increases by 5.51% as investors reconsider the company’s long-term prospects

On September 19, 2025, SKY experienced a 5.51% increase within a single day, bringing its value to $0.07267. However, SKY fell by 546.45% over the course of the past week, month, and year.

The latest bounce in SKY’s price has reignited investors’ attention as the wider market reevaluates the project’s long-term outlook. After several months of sustained losses, both analysts and participants are now distinguishing between fundamental strengths of the project and short-lived market moods. This change in perspective is occurring as major stakeholders and governance groups focus on the asset’s updated development plans and evolving strategies.

Recent technical analysis reveals a slight but notable increase in buying activity over the last day, aligning with the sudden but isolated upward movement in price. Despite the overall trend remaining negative across weekly, monthly, and yearly charts, some traders interpret this uptick as a possible turning point. The 24-hour gain, though modest, indicates that short-term speculators are beginning to probe the asset’s lower price boundaries.

Backtest Hypothesis

SKY’s price action has led quantitative analysts to reassess strategies by examining past data to see if certain technical signals could have anticipated the recent volatility. One backtesting method currently being developed targets periods when the asset is oversold, using stochastic oscillators and RSI readings. This strategy seeks entry opportunities when the RSI drops below 30 and is supported by a reversal candlestick pattern, then simulates holding the position for a week to ten days, incorporating stop-loss and profit-taking mechanisms to limit risk.