Deep Dive
1. Technical Rebound (Mixed Impact)
Overview: SKI’s 7-day RSI hit 20.85 (below 30 = oversold) on September 23, its lowest since July 2025. This triggered a relief rally, with the price bouncing from $0.033 to $0.0357. The MACD histogram also narrowed to -0.000356, signaling reduced bearish momentum.
What this means: Oversold conditions often attract short-term traders, but SKI remains below critical moving averages (7-day SMA: $0.0426). Sustained gains require reclaiming $0.04–$0.042 resistance.
What to look out for: A break above the 7-day SMA could signal momentum reversal; failure risks retesting $0.028–$0.03 support.
Overview: SKI’s team amplified social media campaigns in August–September 2025, urging holders to share masked photos and spread the “movement” (@Ski_CTO). This coincided with a 53.5% surge in July during Bitcoin’s ATH rally.
What this means: Memecoins thrive on community engagement. Recent tweets (e.g., “everything the mask touches is part of our movement”) likely reignited retail interest, driving speculative buying despite no fundamental upgrades.
3. Altcoin Rotation (Bullish Impact)
Overview: The Altcoin Season Index rose to 69 (+9.52% in 24h), signaling capital shifting from Bitcoin (dominance: 57.62%) to smaller caps. SKI’s low liquidity (turnover: 2.85%) amplified the upward move.
What this means: SKI’s gains align with broader risk-on sentiment, but its -35% 30-day return highlights volatility risks.
Conclusion
SKI’s rebound reflects a mix of technical factors, community hype, and fleeting altcoin momentum. While the 24-hour rally is notable, the token remains vulnerable due to thin liquidity and lack of utility.
Key watch: Can SKI hold above $0.035 if Bitcoin dominance rises? Monitor the $0.04 resistance and social volume trends.