SKY price eyes $0.085 as quarterly net revenue rises 11.8%

SKY has consolidated near $0.0675 on Nov. 5 as a trader points to a possible recovery toward $0.085, alongside stronger quarterly net revenue and a proposal to bring Osero’s liquidity system to Base. Summary SKY faces resistance at $0.070–$0.072, with a trader identifying a conditional target of $0.085. Net revenue reached $37.19 million in Q3 as expenses fell faster than gross revenue. Sky remitted $28.47 million to reserves, bringing the quarter-end balance to $85.08 million. Osero’s proposed Base deployment includes a USDC vault with a $15 million deposit rate limit. Crypto With Gopal identified a falling wedge on SKY’s four-hour chart, describing a narrowing trading range after the token’s prolonged correction. In the trader’s Nov. 5 post, price remained inside the formation, with a breakout still needed to activate the bullish scenario. SKY price needs to clear $0.072 The trader placed the breakout zone between $0.070 and $0.072, above the consolidation area near $0.0675. A move through that range could open a recovery toward $0.085, according to the analysis, while support near $0.063 remains the main downside reference. $SKY / USDT – 4HPrinting a textbook Falling Wedge forma...