{"id":7843,"date":"2025-08-14T19:31:58","date_gmt":"2025-08-14T19:31:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-the-surging-skale-crypto-may-crash-40-soon\/"},"modified":"2025-08-14T19:32:00","modified_gmt":"2025-08-14T19:32:00","slug":"heres-why-the-surging-skale-crypto-may-crash-40-soon","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-the-surging-skale-crypto-may-crash-40-soon\/","title":{"rendered":"Here\u2019s why the surging Skale crypto may crash 40% soon"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Skale crypto price surged this week, reaching its highest level since February 1 after <em>It Remains<\/em> launched on its network.\u00a0<\/p>\n<div id=\"cn-block-summary-block_c5d639b5c2ea4bdd96e8883272fdbbc0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Skale crypto price surged this week after the <em>It Remains <\/em>integration.<\/li>\n<li>SKL has become highly overbought, pointing to a 40% plunge.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Skale (SKL) token moved from a consolidation phase and surged by 170%, making it one of the best-performing coins this week. The surge happened in a high-volume environment, with its 24-hour figure rising to $780 million, surpassing its market capitalization of $280 million.\u00a0<\/p>\n<p>SKL price soared after <em>It Remains<\/em>, a popular Hollywood-level game launched on its network to take advantage of its gas-free transaction costs and fast speed. This launch will solidify Skale as one of the biggest chains in the crypto industry.<\/p>\n<p>Data compiled by DappRadar shows that Skale has 129 games in its ecosystem. It had over 3.9 million unique active wallets in the last 30 days, a 23% increase. It also handled over 107 million transactions, higher than other top gaming chains like Sei and BSC.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Why Skale crypto price may crash\u00a0<\/h2>\n<p>There are three main reasons why the soaring Skale may crash in the near term. First, sentiment in the crypto market<strong> <\/strong>has changed, with Bitcoin (BTC) and other top altcoins nosediving. The decline happened as liquidation jumped after the US published strong producer inflation data. A tumbling market often affects some of the best performers.<\/p>\n<p>Second, SKL price will crash as the <em>It Remains <\/em>hype fades. In most cases, cryptocurrencies and stocks jump after a major event and then pull back as investors sell the news and look forward to the next big thing.\u00a0<\/p>\n<p>Third, technicals suggest that the price has become highly overbought. The Relative Strength Index jumped to the extreme overbought point at 86, while the Stochastic Oscillator moved to 83. A highly overbought asset tends to pull back as it loses momentum.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SKL price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>Similarly, as the chart above shows, the token has moved higher than the 50-day and 100-day moving averages. As such, it could have a mean reversion, where it drops to get closer to these averages. If this happens, the potential target will be $0.027, its highest point in July and May, down by 40% from the current level.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Skale crypto price surged this week, reaching its highest level since February 1 after It Remains launched on its network.\u00a0 Summary Skale crypto price surged this week after the It&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7843"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7843\/revisions"}],"predecessor-version":[{"id":7844,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7843\/revisions\/7844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2341"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}