Just been looking at SKY lately and there's some interesting stuff happening technically. The Adam and Eve pattern breakout at $0.080 looks legit—strong weekly close above resistance and now we're sitting at $0.07. Price prediction models suggest potential upside to $0.30 this year if the post-halving momentum holds, but honestly the near-term action matters more right now.

What caught my eye is the on-chain data. Weekly active addresses bounced back after that Q4 2024 dip, which usually means retail confidence is returning. Meanwhile, Dai supply grew from $5B to over $7B over the past year, showing institutional players are still accumulating even during quiet periods. That's a bullish divergence.

Technically, we're stuck between $0.094–$0.10 resistance and the $0.069–$0.063 support zone. MACD is bullish, RSI at 66 still has room before overbought. The Fibonacci levels suggest if we break through that upper zone, we could retest the old ATH near $0.09. But if we fail here, there's a fair value gap at $0.069–$0.068 that could pull price back—nothing scary though.

The protocol fundamentals look solid too. Dai and USDS are gaining real-world asset backing, governance is decentralized, and MKR holders control the direction. Long-term SKY prediction seems bullish if adoption keeps accelerating, but I'm watching the technicals first. Next big catalyst is probably the next BTC halving cycle.