Bitcoin held near $63,500 while altcoins outperformed. VELVET surged nearly 68% in 24 hours, AAVE climbed to its highest level in over a year, and SOL, RENDER, and SKYAI also posted strong gains.
Bitcoin stayed above $63,000 on Friday while AXION, Velvet and ESPORTS surged over 100%. Major coins also edged higher, with ETH climbing 1.8%.
SkyAI jumped about 300% in seven days, helped by Bitget listing support and AI-sector hype. But pre-listing wallet accumulation, concentrated token ownership, and overbought indicators are fueling concerns over manipulation and sharp downside risk.
SkyAI hit a new ATH at $0.67 with RSI above 85 but volume declining. The $0.58 level is critical: holding could push toward $0.75, while a breakdown risks a rapid drop to $0.53.
SkyAI hit a new ATH at $0.6442 but volume declined, signaling weakening participation. Bulls hold key support at $0.58; a breakout could target $0.70-$0.75, while a breakdown risks a drop to $0.53.
SkyAI rebounded strongly after profit-taking, but declining volume is weakening the rally’s foundation. Holding above $0.58 keeps the bullish structure intact and may open the door to $0.70-$0.75, while a breakdown could trigger a fast drop toward $0.53.
CoinMarketCap’s weekly report shows AI tokens USD.AI (CHIP) surging 146% and SkyAI up 36%, while SocialFi projects like Audiera rise 31%. Market shifts from meme to utility, with institutional interest in AI and infrastructure. Low-cap volatility remains a concern.
SOL rose approximately 9% on Friday, sparking a strong rally among Solana-focused digital asset treasury companies. Sol Strategies led the pack with a 22% intraday gain to $1.20, followed by Forward Industries (+12% to $4.03), SkyAI (+11% to $1.07), DeFi Development Corp. (+10% to $2.73), and Solana Company (+10% to $1.65). The rally was further fueled by expectations of Russell index inclusion: multiple treasury stocks, including Forward Industries, are set to be added after Friday's close. Two Ethereum treasury companies, Bitmine and SharpLink, will also enter relevant Russell indices, while smaller Solana treasury firm Upexi will join the Russell Microcap index.
