Forward Industries courts SkyAI, Inc. — $SKYAI holders get a front-row seat to the proposal 🤝

Nasdaq-listed Forward Industries [FWDI] has submitted two non-binding proposals to the Board of Directors of SkyAI, Inc. [SKYAI] to acquire the parent company of the SKYAI token, the companies confirmed on June 16. The structure would deliver holders 20% of SKYA's closing price in new shares of FWDI stock, an arrangement that would expose equity holders of SkyAI, Inc. to Forward's Solana [SOL] treasury. Forward itself is a SOL treasury company, and SkyAI, Inc. holds 2 million SOL acquired in September 2025. SkyAI, Inc. had not publicly responded to the proposal at the time of writing.

The bid triggered immediate movement in the SKYAI token, which rallied 26% on June 16 before paring its 24-hour gain to 7.25% as daily trading volume fell 11.2%. On-chain buying volume for SKYAI climbed to roughly $63 million, about three times its prior level, with the Cumulative Volume Delta increasing 174% to approximately 7.24 million tokens. About 20 million SKYAI tokens were bought in a single day, and the holder count rose by more than 4,000 — from around 56,000 to 60,000, according to CoinMarketCap.

SKYAI ranks among the strongest-performing AI tokens of 2026, posting year-to-date gains of 881% in one tally and 970% in another, trailing only Venice Token [VVV] in both measures. The token's price moved from $0.35 to $0.49 during the surge, attempting to break above the $0.40 resistance after three consecutive June highs and four prior touches at the $0.15 level. The Stochastic Momentum Index reversed after briefly dipping below neutral, while the MACD registered a bullish crossover, though the Chaikin Money Flow remained below -0.05, a sign that the rally was not yet accompanied by heavy spot accumulation.

Liquidity clusters are concentrated between $0.33 and $0.39, with the heaviest pocket in the $0.33–$0.36 zone, while a defended 78.6% Fibonacci retracement at $0.191 served as the launchpad for the June advance. Should SKYAI hold above $0.40, the next technical reference points are $0.60, $0.70 and $0.80, with the swing high at $0.866 and a 23.6% Fibonacci extension at $1.06 beyond that. A break below $0.40 would open a path back to the liquidity band, and a loss of $0.305 would invalidate the short-term bullish setup and expose the range low near $0.135.