SKYAI's 27.5% Slide Turns June Rebound Into a "Hold My $0.1928" Moment 😬

SKYAI's recovery attempt from its rebound on the 6th of June lost strength over the last 24 hours as sellers regained control, sending the token down 27.5% to $0.1928. The decline erased a 15% climb from the $0.147 support zone that had pushed the token toward $0.205, and market capitalization fell to $192.87 million. Trading activity cooled sharply alongside the price drop, with volume declining 25.72% to roughly $53 million.

Derivatives data pointed to a broad pullback in speculative exposure. Open Interest dropped 20.38% to $83.7 million, indicating that traders closed leveraged positions rather than deploy fresh capital. The contraction aligned with the price correction, suggesting that bullish bets were unwound after the recovery failed to extend higher, and derivatives participants appeared to reassess risk following the breakdown.

The technical structure weakened after SKYAI failed to reclaim the major $0.35 resistance zone on the daily chart, with the rejection preserving the broader downtrend and pushing the token back toward the $0.152 support area. Price remained above that support at press time, but buyers no longer controlled the rebound structure. The RSI fell to 44.63, down from a more neutral reading during the recovery phase, indicating faded buying strength without an oversold condition and leaving room for further pressure if $0.152 gives way to a next major area near the $0.06 historical support level.

The liquidation heatmap showed notable liquidity concentrations above current prices, with the largest cluster between $0.21 and $0.23 and additional zones around $0.24 extending toward $0.27. Such areas often attract short-term volatility as leveraged positions remain exposed, though the heatmap only highlights potential targets if a relief rally develops rather than signaling a confirmed reversal.