Moving with the whole market
The total crypto market is −4.9% in 24 hours. SKL is −5.1%, about the same, so this looks like a market-wide move rather than something specific to SKALE.
Why is the crypto market moving? →
why / skl
Why is SKALE down today?
SKALE (SKL) is down 5.1% in the last 24 hours, trading at $0.00388. The whole crypto market is −4.9%, so this is mostly a market-wide move. Its sector, Gaming (GameFi), is −3.8% today.
SKL 24h−5.12%
Whole market 24h−4.94%
Bitcoin 24h−5.40%
Link to BTC (30d)0.16
Volume vs normal0.4×
Gaming (GameFi) sector−3.80%
signals
What is moving SKALE
Strongest signals first.
The Gaming (GameFi) sector is down
SKALE is part of the Gaming (GameFi) sector, which is −3.8% today. SKL is moving with its sector.
Gaming (GameFi) sector →Moving on its own, not with Bitcoin
Over the last 30 days, SKL's daily moves had a 0.16 correlation with Bitcoin (1 means identical direction). That is low: SKL has mostly moved on its own lately, while Bitcoin is −5.4% today.
Bitcoin price →Trading is quieter than usual
Volume is running at about 38% of the 30-day average. Moves on thin volume often reverse more easily.
Weak month
SKL is −6.4% this week and −17% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of SKL positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring SKALE
faq
Questions
Why is SKALE down today?
SKALE (SKL) is down 5.1% in the last 24 hours, trading at $0.00388. The whole crypto market is −4.9%, so this is mostly a market-wide move. Its sector, Gaming (GameFi), is −3.8% today.
Will SKALE go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SKL is −6.40% over 7 days and −17.10% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, SKL's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.