SKALE Price Prediction 2025: SKL to Make Slow but Steady Recovery

Key Takeaways

• SKALE has recovered from an all-time low set in October 2023.
• Can SKL return to the levels it enjoyed in 2021?
• Our SKALE price prediction says SKL could reach $0.35 next year.
• Interested in buying or selling SKALE SKL coin? Read our review of the best exchanges to buy and sell SKALE SKL.

SKALE promises gas-free transactions and has been one of this year’s success stories outside of memecoins when it comes to lower-cap cryptos. The SKL token has risen over the last year, moving far away from its October 2023 all-time low.

On Dec. 11, 2024, SKL was worth about $0.06455.

Let’s look at our Skale price predictions, made on Dec. 11, 2024. We will also examine the Skale price history and talk a little about what Skale is and what it does.

SKALE Price Prediction

Let’s now look at our  SKALE price predictions, made on Dec. 11, 2024. While we take the utmost care with our price forecasts, it is important to remember that price predictions, especially for something as potentially volatile as crypto, can often be wrong.

SKALE Price Prediction 2025

SKL’s breakout from its long-term accumulation zone and alignment with Fibonacci retracement levels suggest strong bullish momentum. With the broader market expected to enter a new bullish phase, SKL could achieve a minimum of $0.15. Its wave five structure and potential new partnerships drive an average target of $0.25, peaking at $0.35 during market euphoria.

SKALE Price Prediction 2026

By 2026, SKL will likely benefit from increased adoption of blockchain-based technologies and developments within its ecosystem. This sustained growth could see the price consolidate above $0.20 as a minimum, with institutional interest and expanding use cases pushing the average to $0.40 and potentially reaching $0.55 during bullish market cycles.

SKALE Price Prediction 2030

In 2030, SKL could experience exponential growth as the blockchain industry matures and scalability solutions like SKALE become integral. With widespread adoption and increased utility, the price could stabilize at a minimum of $0.50, average around $0.90, and potentially reach $1.30 if it captures significant market share or achieves technological breakthroughs.

SKALE Price Analysis

SKALE (SKL) broke out of its long-term accumulation zone of between $0.030 and $0.040, rallying to $0.082 at the 0.5 Fibonacci retracement level. Resistance at this level led to a pullback, with the price consolidating near $0.0665 at the 0.382 Fibonacci level.

The RSI, previously overbought during the rally, has cooled off, indicating potential consolidation. If $0.0665 holds support, SKL may aim for $0.0944 (0.618 Fibonacci). Failure to hold could lead to a retest of the accumulation zone around $0.0409, which would maintain the broader bullish structure.

Short-term SKALE Price Prediction

SKALE’s four-hour chart shows a corrective wave four forming within a broader bullish structure. The price retraced from its $0.0855 wave three peaks to $0.0563 at the 0.5 Fibonacci level. A potential ABC correction is underway, with wave B likely progressing toward $0.0723 resistance.

Momentum recovery, indicated by the RSI, suggests stabilization. Immediate support lies at $0.0644, with further downside risks to $0.0509. A breakout to wave five could target $0.105, and the SKALE price prediction for the next 24 depends on this.

SKALE Average True Range (ATR): SKL Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

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A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. 

On Dec. 11, 2024, SKALE’s ATR was 0.008, suggesting relatively high volatility.

SKALE Relative Strength Index (RSI): Is SKL Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish. 

On Dec. 11, 2024, the SKALE RSI was at 49, indicating neutral-to-bearish conditions.

CCN Strength Index

The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.

Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.

• 0 to 24: Assets exhibit significant weakness, showing signs of sustained downtrend behavior.
• 25 to 35: The price tends to move within stable bounds with minimal volatility.
• 36 to 49: Assets begin a stable uptrend but without strong surges.
• 50 to 59: Consistent growth with moderate price advances, building momentum.
• 60+: Sharp price movements and high demand indicate stronger volatility and trend shifts.

The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.

However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.

On Dec. 11 2024, SKALE scored 52.9 on the CCN Index, suggesting strong momentum.

SKALE Price Performance Comparisons

Skale uses smart contracts, so let’s compare it to other cryptos in that category with similar market caps.

Best Days and Months to Buy SKALE

We looked at the SKALE price history and found the best times to buy SKL.

SKL Price History

Now, let’s look at some of the key dates in the SKALE price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a SKALE price prediction.

SKALE Market Cap

The market capitalization, or market cap, is the sum of the total number of SKL in circulation multiplied by its price.

On Dec. 11, 2024, SKALE’s market cap was $357 million, making it the 233rd-largest crypto by that metric. 

Who Owns the Most SKALE

On Dec. 11, 2024, one wallet held more than 6% of the SKALE supply.

Richest SKL Wallet Addresses 

As of Dec. 11, 2024, the five wallets with the most SKALE were:

• 0xd6f4196ede7a5e83e4819bf77784f8b24d9475bd. This wallet held 342,928,208 SKL, or 6.11% of the supply.
• 0x905d6db68a46ed030b0d83e5ef303123333ae38f. This wallet held 207,837,231 SKL, or 3.7% of the supply.
• 0x2a42ccca55fde8a9ca2d7f3c66fcdde99b4bab90. This wallet held 206,321,151 SKL, or 3.67% of the supply.
• 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet, listed as Binance, held 200,000,000 SKL, or 3.56% of the supply.
• 0xf9303b88c0d916c3979c591895afade8b0d07881. This wallet held 145,500,000 SKL, or 2.59% of the supply.

SKALE Supply and Distribution

SKALE (SKL) Explained

SKALE is designed to help people develop their own sidechains and decentralized applications (dApps) on the Ethereum (ETH) blockchain.

The system is, in effect, an enhanced Layer-2 scaling solution. This means that it takes transactions off Ethereum, processes them, and then puts them back on the blockchain. 

Skale, which was founded in 2020 by computer scientists Stan Kladko and Jack O’Halloren,  is supported by its native token, which goes by the ticker handle SKL. 

How SKALE Works

Skale uses a series of sidechains operated by computers or nodes. These chains are linked to a series of smart contracts, computer programs that automatically execute once certain conditions are met. Developers can set up their dApps on sidechains. 

SKL is used to pay for sidechains for dApps. It also pays for nodes and is used to reward node operators. Holders can vote on changes to the network and be bought, sold, and traded on exchanges.  

It is important to note that since SKALE is based on Ethereum, it is a token, not a coin. You might see references to a SKALE coin price prediction, but these are wrong.

Is SKALE a Good Investment?

It is hard to say. The news that it has teamed up with GameXPad could bring it to more people’s attention.

On the other hand, SKL has been stuck in a rut, and it could be argued that SKALE is a classic crypto platform that is trying to do too much and not focusing on one thing. 

As always with crypto, you should do your own research before deciding whether or not to invest in SKL.

Will SKALE go up or down?

No one can really tell right now. While the SKALE crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up. 

Should I invest in SKALE?

Before you decide whether or not to invest in SKALE, you will have to do your own research, not only on SKL but other related coins and tokens such as Optimism (OP) or Arbitrum (ARB). Either way, you must also ensure you never invest more money than you can afford to lose.

Technical analysis by Nikola Lazic.

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