SKY price eyes $0.085 as quarterly net revenue rises 11.8%

SKY has consolidated near $0.0675 on Nov. 5 as a trader points to a possible recovery toward $0.085, alongside stronger quarterly net revenue and a proposal to bring Osero’s liquidity system to Base. SKY faces resistance at $0.070–$0.072, with a trader identifying a conditional target of $0.085. Net revenue reached $37.19 million in Q3 as expenses fell faster than gross revenue. Sky remitted $28.47 million to reserves, bringing the quarter-end balance to $85.08 million. Osero’s proposed Base deployment includes a USDC vault with a $15 million deposit rate limit.

Source: crypto.news