Seeker Soars 36% as Trading Volume Explodes Over 810%
Seeker (SKR), a Solana Mobile token, experienced a significant surge of nearly 36% in 24 hours, with trading volume exploding over 810%. This rapid price increase is accompanied by heavy leveraged participation and spot buying. Data compiled by Blockchain Magazine and CoinGlass showed that the 24-hour volume reached $76.8M, accounting for approximately 60% of the token's market cap.
The price rebounded from the $0.015 demand zone and broke through a descending channel that had framed its recent downtrend. Technical indicators also suggest a possible short squeeze, as the MACD line crossed above its signal after weeks of bearish readings, and the histogram flipped positive. Open Interest jumped 167.45% to $21.65M, indicating significant participation in spot buying.
Analysts flagged $0.025 as the next resistance level, with $0.020 being a crucial support point that bulls must defend. If the price were to break below $0.020, it could lead to a rapid unwinding of the expanded leverage.