SKALE (SKL) has staged a remarkable comeback in recent weeks, rallying over 115% in the past seven days and drawing renewed attention from traders and investors. However, beneath the bullish momentum, several on-chain signals are raising concerns about the sustainability of the rally. origin »
Blockchain project Skale Network has seen its native token, SKL, rally in recent months amid a rising tide of network growth. According to on-chain analytics firm Santiment, liquidated shorts have added rocket fuel to SKL’s ascent, which could have even further to run.
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