SKALE Targets $0.060 Surge After Game-Changing Transmedia NFT Launch

SKALE's network just got a whole lot sexier—and traders are rushing to price in the momentum.

NFTs Meet Real Utility (For Once)

The elastic blockchain platform's new transmedia NFT drop isn't just another JPEG cash grab. These tokens actually unlock cross-platform content—finally giving 'utility' claims some teeth.

Price Action Heats Up

With the $0.060 resistance level in sight, SKALE bulls are betting the NFT play drives fresh adoption. Because nothing pumps a coin like the illusion of cultural relevance—just ask the bored apes.

The Bottom Line

Whether this sustains beyond the hype cycle depends on actual usage. But for now? Cue the classic crypto playbook: narrative > fundamentals, always.

• SKALE price surges toward $0.060 on “It Remains” NFT launch.
• Technicals show strong momentum with VWAP support and bullish Fib extensions.
• RSI, MACD, and rising open interest signal an ongoing SKALE price rally.

SKALE (SKL) price has risen through major resistance areas, aiming to reach $0.060. The record volume and a bullish push are being caused by the “It Remains” transmedia NFT launch.

Transmedia Partners With Gas-Free Blockchain to Enable Worldwide Growth

‘It Remains’ NFT relates to novels, AR/VR games, NFTs, and governance in the FORM of DAOs. Thus, it can offer an interactive platform for storytelling. More importantly, fans can directly determine the direction of the story. 

There’s zero gas and close-to-instant transaction finality on the SKALE network. Hence, this project can eliminate any barrier needed to bring blockchain entertainment to the mass market.

The franchise has established a strong market following with more than $900,000 in revenue from initial product and non-fungible token (NFT) sales. It will also launch a Netflix series, feature film, and board game by 2028. 

The NFT integration offers holders access to exclusive voting and access to unlocking chapters and ownership of the assets involved. According to founder Christo Peev, SKALE has made a breakthrough in storytelling possible. 

It broke the “invisible wall between the decades-old state of storytelling and the decentralized future.” The launch is an example that blockchain networks can support mainstream entertainment with zero user friction.

Fib Extensions and VWAP Levels Indicate $0.060 Target

According to the Technicals, the SKALE rally breached all clear short-term resistance areas. The auto Fibonacci retracement chart shows how the price surpassed the 1.618 extension at $0.0169. 

Then, it started a rapid upward trend. The most prominent was the SKL breakout at around the VWAP cluster. This is the $0.0371 to $0.0432 area as momentum buying ensued.

The VWAP readings are now dynamic support levels, with the most important one being at $0.0493. The next Fib extension of interest is between $0.055 and $0.060. 

This suggests that the vertical breakout pattern WOULD be extended. Nonetheless, if it cannot break above this mark, it might kickstart a decline to the $0.045 to $0.047 arena.

Fib. and VAWP. Source: TradingView

RSI And MACD Suggest a Price Uptrend

The RSI in the 4-hour chart has risen to 87.89. That means SKALE is in a DEEP overbought range. This level hints at strong buying demand. The overbought condition indicates the strength of the present rally. 

It implies that traders continue to buy the token even without price dips. MACD represents a strong bullish move. The MACD line has soared way above the signal line, and the histogram has widened very quickly. 

The histogram pattern translates to rising trend strength and bullish momentum. Also, there’s no indication of a bearish crossover soon. The MACD sign may persist until the impetus runs out, or until there’s an abrupt reversal.

RSI and MACD. Source: TradingView

Increased Future Activity and Open Interest Enhance SKALE Price Swings

According to the SKALE volume chart by Coinglass, a drastic increase in the trading volume occurred. This happened in both spot and derivatives markets after the latest rally. Historically, SKL experienced wild price swings along with its volume spike. Also, it always has a follow-through momentum in the days after the breakout.

The existing volatility reflects high involvement of retail and institutional traders. The high volume of derivatives and the increase in the open interest usually strengthen the abrupt prices.

Source: Coinglass

If the rally persists with widening open interest, the price may break short-term resistance levels. The current breakout serves as a warning and an opportunity to traders. It is important for SKALE to stay above $0.0493 VWAP to keep this rally going further.