SKYAI's 27% Slide Erases Yesterday's 26% Pump — Market Can't Decide, Liquidation Map Can 🌀

SKYAI gave back the bulk of its rebound over the past 24 hours, falling 27.5% to $0.1928 and wiping out a 26% rally that briefly pushed the token to a local high of $0.22 after a bounce from the $0.15 support zone earlier in the week. Market capitalization slipped to $192.87 million, and the move came as traders who opened fresh positions during the rebound were forced to reassess. Open Interest dropped 20.38% to $83.7 million, signaling that much of the surge in leveraged exposure was unwound rather than rolled into new bullish bets. Derivatives Volume, which had climbed 46% to $97 million during the bounce, faded alongside the price action, and trading activity cooled sharply with 24-hour volume declining 25.72% to roughly $53 million.

Underlying flow data showed that sellers retained the upper hand across both Spot and Futures venues even when prices were climbing. On Binance, Perpetual Sell Volume reached 80 million against 74 million in buy volume, leaving Perpetual Netflow at negative $6.14 million and Net Buying at negative $111 million. In the Spot market, Inflow rose to $10.7 million against Outflow of $7.7 million, pushing Netflow up 69% to $3.06 million and adding to the supply available on exchanges.

On the technical side, the rebound lost credibility after SKYAI failed to reclaim the $0.35 resistance zone highlighted on the daily chart, preserving the broader downtrend and pushing the token back toward the $0.152 support area, which price continued to trade above at press time. The Relative Strength Index fell to 44.63 from neutral levels reached during the recovery, indicating fading buying strength without reaching oversold conditions, while the Aroon indicator, which had printed Aroon Up at 71 against Aroon Down at 42 during the bounce, has yet to confirm that buyers still control the short-term trend.

The liquidation heatmap flagged significant liquidity clusters above the market, with the largest concentration sitting between $0.21 and $0.23 and additional zones stacked around $0.24 and $0.27, levels that could attract short-term volatility if a relief rally develops. A break below the $0.152 support would put the $0.06 historical support zone back in focus, while a recovery above $0.30 would mark the next upside objective noted by analysts tracking the structure.