SKALE SKL
SKL cycle analysis · chart, confirmed lows and fundamentals
Amber List Recovering Phoenix · monthly · score 65 mixed
81.1% below its 365-day high of $0.0229 (2025-10-27), +32.7% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Amber List.
81% below its rolling 365-day high, 359 days after the high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +32.7% above the Aug 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 3g 2Dr 2Ug 2Ur
- Confirmed low
- $0.00325 · 2026-08-31
- Position
- 2 of median 6 (max 11)
- Current low
- $0.00325 · confirmed
- Cycle-low confidence
- 35% · in band
- Confirmed lows
- 10
Weekly
- Last bars
- 1g 2Ur 3g 2Dr 2Dr
- Confirmed low
- $0.0034 · 2026-09-20
- Position
- 5 of median 5.0 (max 14)
- Current low
- $0.00411 · unconfirmed
- Confirms above
- $0.00445
- Cycle-low confidence
- 45% · in band
- Confirmed lows
- 53
Daily
- Last bars
- 2Dr 2Dr 2Dr 1g 2Ug
- Confirmed low
- $0.00451 · 2026-10-15 (daily)
- Position
- 6 of median 5 (max 25)
- Current low
- $0.00411 · unconfirmed
- Confirms above
- $0.00445
- Cycle-low confidence
- 55%
- Confirmed lows
- 366
The full read, in sentences
- Monthly: forming bar is a red 2-Up. Last confirmed swing low 0.003252 (Aug 2026), month 2 of a cycle that has typically run 6. Cycle-low confidence 35%.
- Weekly: forming bar is a red 2-Down. Last confirmed swing low 0.003397 (Sep 2026), week 5 of a cycle that has typically run 5. Current low 0.004109 is unconfirmed — it confirms above 0.004454. Cycle-low confidence 45%.
- Daily: bar is a green 2-Up. Last confirmed swing low 0.004514 (2026-10-15), day 6 of a cycle that has typically run 5. Current low 0.004109 is unconfirmed — it confirms above 0.004454. Cycle-low confidence 55%.
- Amber List: 81% below the 2025-10-27 high; +33% off the 365-day low.
- Phoenix: 98% decline over 29 months, monthly swing low confirmed (next-bar), now +33% above the trough; first weekly pullback after the low confirmed 2026-10-11 (trigger 0.005566).
- Gauges: Mayer multiple 0.90 (cheap); -87% vs the 200-week average; -100% from the all-time high.
Has SKALE bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the SKL snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.00325 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.0034 from 2026-09-20. A newer candidate at $0.00411 is unconfirmed; its confirmation level is above $0.00445, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.00451 from 2026-10-15. A newer candidate at $0.00411 is unconfirmed; its confirmation level is above $0.00445, provided the candidate low is not undercut first.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is SKALE below its high?
The Coinbase price snapshot is 81.1% below its rolling 365-day high of $0.0229 from 2025-10-27. Separately, CoinGecko reports -99.7% relative to its all-time high of $1.22 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- Red List; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
- First observed: Red List; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $0.1357 · Mar 2024
- Trough
- $0.00325 · Aug 2026
- Decline
- -97.6% over 29 months
- Above trough
- +32.7%
- Monthly
- confirmed (next-bar) · trigger $0.00425
- Weekly
- confirmed (late (4 bars))
- False bottom
- $0.0158 · Jun 2025 (2 higher highs, then undercut)
- Entry
- pullback #1 low $0.0034 confirmed 2026-10-11 · trigger $0.00557
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 10 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 10.87 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.05 x | 14.6 / 15 |
| Size (market-cap rank) survivorship | 738 # | 0 / 15 |
| Age on Coinbase survived a cycle | 5.6 yrs | 10.0 / 10 |
| usage | could not look — no source data | |
| tvl | could not look — no source data | |
| momentum | could not look — no source data | |
4 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $28.2M
- Fully diluted
- $29.7M
- 24h volume
- $3.1M
- Circulating
- 6,094,019,337 of 7,000,000,000 max
- All-time high
- $1.22 · 2021-03-11 (-99.7%)
- Mayer multiple
- 0.898 · cheap
- vs 200-week avg
- -87.1%
- Pi cycle
- 0.292
- On Coinbase since
- 2021-03-11 (2051 bars)
- CoinGecko id
- skale
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources