Sky (SKY) surges by more than 5% on Tuesday following the Upbit exchange listing of Sky Protocol, boosting sentiment. In addition, rising whale accumulation alongside increasing Open Interest (OI) further strengthens the bullish outlook for SKY.
FTX Token (FTT) is up 4% at press time on Tuesday, extending the nearly 7% gains from the previous day. This week’s recovery aligns with the fourth scheduled payout from the FTX Recovery Trust worth $2.2 billion to its former customers and creditors. Still, the technical outlook for FTT is grim with the overhanging 50-day Exponential Moving Average (EMA) continuing to cap recovery attempts.
Dogecoin (DOGE) is approaching the descending trendline, trading at $0.092 on Tuesday, which could determine DOGE’s next directional move. A confirmed breakout could suggest an upside move, as optimism builds around Qubic’s DOGE mining mainnet launch scheduled for Wednesday. On the technical side, fading bearish momentum also supports a potential recovery.
