SKYAI fell 15% in 24 hours, retesting its 50-day exponential moving average after a bullish pennant breakout. Whales holding more than $5 million of the asset control 56.2% of tracked supply, suggesting significant concentration that could support demand if buyers return to current support levels. The positive funding rate at 0.01% indicates bullish positioning remains present despite the decline, while volatility surged to 10%, signaling a market reset. SKYAI needs to reclaim the imbalance zone between $0.13 and $0.25 to confirm a recovery, targeting next resistance at $0.38.
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