SKYAI’s 20% drop has ONE warning traders can’t ignore
SKYAI remained under heavy bearish pressure as sentiment weakened, long liquidations increased, and retail activity faded.
Multiple social media posts continued portraying SKYAI as one of the market’s weakest performers, reinforcing an increasingly bearish narrative around the token.
One widely circulated post even encouraged traders to short SKYAI while highlighting actions taken by market maker DWF Labs.
The discussion gained traction because SKYAI had already traded nearly 75% below its reported launch price, leaving investors increasingly cautious.
As confidence weakened, the token fell another 20.79% over the past 24 hours to $0.07496, while its market capitalization declined to $74.96 million.
However, trading activity remained elevated, with 24-hour volume reaching $27.3 million, showing participants continued reacting to the negative sentiment instead of ignoring it. That combination suggested social narratives continued influencing market behavior rather than fading into the background.
Long liquidations continued dominating leveraged traders
Derivatives data showed leveraged bulls absorbed most of the losses during the latest trading session.
Total liquidations reached approximately $324,670, with long positions accounting for $300,610, while short liquidations stood at only $24,060.
Binance recorded the largest long liquidation at roughly $129,370, followed by Gate with $48,110, HTX with $31,540, and Bitget with $30,610. Those figures showed bullish traders continued losing positions far more aggressively than bearish participants.
However, the relatively small amount of short liquidations indicated sellers rarely faced forced exits despite the persistent decline.
The imbalance reflected continued downside pressure across perpetual markets, while leveraged buyers repeatedly failed to defend higher price levels.
Large traders gained influence as retail activity faded
Market participation shifted noticeably as whale-sized activity became increasingly dominant relative to retail traders.
The Whale vs Retail Delta climbed to approximately 0.228, moving further into positive territory after spending much of February through April below zero.
The reading did not confirm whale accumulation or aggressive buying.
Instead, it showed that larger participants accounted for a greater share of market activity than retail traders during the latest sessions.
Meanwhile, retail influence continued to weaken as smaller participants became less active relative to larger orders.
That shift emerged even while SKYAI remained under selling pressure, suggesting market participation had become increasingly concentrated among large traders instead of broad retail engagement.
Can SKYAI defend its final support zone?
SKYAI continued trading just above its major support around $0.0139, while immediate resistance remained near $0.3882 after repeated failed recovery attempts.
The chart showed consecutive bearish candles had extended the recent decline, leaving buyers without a convincing rebound.
Meanwhile, the RSI dropped to 34.78, approaching oversold territory and reflecting fading buying strength.
However, the indicator had not reached levels that typically signal exhaustion.
The DMI also favored sellers, with the -DI at 23.86 staying above the +DI at 18.58, while the ADX at 27.67 indicated the prevailing bearish trend retained meaningful strength.
If selling pressure eases, SKYAI could attempt a relief bounce from current levels. Otherwise, sustained weakness would likely keep the price pinned near support before any meaningful recovery develops.
To sum up, bearish sentiment continued shaping SKYAI’s performance, while long liquidations and weakening retail participation reinforced the broader decline.
Although whale-sized activity became relatively more influential, the available data did not confirm accumulation.
Unless buying interest improves and technical indicators stabilize, SKYAI would likely remain vulnerable to additional downside pressure near its current support.
Final Summary
- Bearish sentiment and heavy long liquidations continued weighing on SKYAI’s market structure and confidence.
- Retail activity weakened while larger participants gained influence without confirming outright accumulation.
