SKYAI crashed 19% in today's session, with traders slashing exposure and short positioning accelerating. The selloff has pushed the token toward a critical technical threshold known as the ONE level — the line between continued declines and a potential bounce.
The ONE level that could decide the next move
Market participants are watching the ONE level closely. If SKYAI holds above it, some see room for a recovery. A break below, however, would signal further bearish momentum. The level has acted as a pivot in recent trading, and its breach earlier this week triggered a wave of stop-losses that deepened the drop.
Why traders are pulling back
The steep price fall comes as traders reduce their long positions and shift to the sidelines. Short positioning has intensified, reflecting growing conviction that the downtrend isn't over. The combination of lower exposure and rising shorts has added downward pressure, making any rally attempts short-lived.
What a break below ONE level means
If SKYAI fails to defend the ONE level, analysts expect the selling to accelerate. The next support zones are not clearly defined in the current data, which could lead to volatile price action. On the upside, reclaiming the level would invalidate the bearish setup and open the door for a move higher — but traders aren't betting on that yet.
The session's 19% loss marks one of the biggest single-day drops for SKYAI. Volume spiked as sellers dominated, and order books show limited buy-side depth near current prices. Whether the ONE level holds or breaks will likely determine the token's path in the coming days.
