On June 16, SKYAI rose 26% after Nasdaq-listed Forward Industries (FWDI) submitted an acquisition offer for SkyAI, Inc.
Since then, the token has retreated, with its 24-hour gains down to 7.25% at press time. Daily trading volume also fell 11.2%, suggesting speculative demand may have played a role in Tuesday’s strong rally.
This does not mean that the movement would be entirely traced. AMBCrypto reported that SKYAI was among the best performing crypto AI tokens in 2026, gaining 970% year-to-date.
This process should continue. Despite the long-term bearish outlook for Bitcoin (BTC), SKYAI’s potential has remained strong.
The uptrend unchanged over a higher period
The 78.6% Fibonacci retracement level at $0.191 was defended in June and served as the launching pad from which the recent rally began. In the coming weeks, a move towards the $0.866 high is feasible.
A rally to the 23.6% extension level at $1.06 is possible, although psychological resistance at $1 could lead to heavy profit-taking that would dampen momentum.
The MACD made a bullish crossover to confirm the bullish momentum, but low trading volumes during the rally caused the CMF to remain below -0.05. The low volume was a warning sign for the bulls.
SKYAI Price Prediction: Traders’ Short-Term Bias May Remain Bullish
In a previous report, AMBCrypto concluded that a bullish bias was justified. The lower time range has been breached since then, and a retest could provide a buying opportunity.
The former supply zone of $0.36 to $0.40 can now be expected to serve as a demand zone. Therefore, it is likely that SKYAI will continue its upward trend from here.
Technical indicators supported the bullish breakout and signaled that further gains were likely.
The idea of buying the retest of the range would be invalidated if the token prices fell below the $0.305 level, which marked the lowest in this period.
In this scenario, long-term investors can maintain a bullish bias, but also expect a retracement towards the mid-range and possibly the bottom of the range at $0.26 and $0.135, respectively.
Final summary
- SKYAI’s long-term trend was bullish and Forward Industries’ acquisition offer acted as a catalyst for buyers.
- The short-term pullback towards $0.39 presented a buying opportunity and the idea would be invalidated.
