Balancer establishes September 18 deadline for MKR to SKY token transition

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 15 2025

BAL-2.35%

SKY+3.278%

Should l Buy BAL?

Token Migration Deadline: MKR holders must migrate to the new SKY governance token by September 18, 2025, or face penalties starting at 1% per MKR after September 22, escalating quarterly.
Support from Exchanges: Major exchanges like Binance and Balancer are facilitating the transition, with MKR trading being suspended and automatic conversions to SKY being implemented.
Importance of Migration: The switch to SKY is part of MakerDAO's rebranding to the Sky Ecosystem, aimed at modernizing governance and tokenomics, consolidating power into a single token, and enhancing retail participation.
Current Migration Status: As of early September, approximately 61% of MKR has been converted to SKY, leaving nearly 40% still needing to migrate before the impending deadline.

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Technical Analysis for BAL

Technical Sentiment Analysis for Balancer (BAL) As of , Balancer (BAL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BAL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BAL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Balancer (BAL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-0.197	-0.021	0.106	0.282	0.409	0.585	0.712
Fibonacci	-0.021	0.0947	0.166	0.282	0.398	0.469	0.585

About BAL

Balancer is a DeFi protocol that provides permissionless technology to streamline AMM development for developers and empower liquidity providers with an ever-expanding DEX product suite.This is made possible by unique ‘Vault’ architecture that formally defines the requirements of a custom pool and shifts core design patterns out of the pool into a separate ‘singleton contract’. With both internally developed pool types such as Weighted Pools, Boosted Pools, and LVR mitigating stableswaps, and also externally developed pools such as Elliptical Concentrated Liquidity, CoW AMMs, and FxPools, Balancer has arisen to be a focal source of fungible, yield-bearing, and MEV-mitigated liquidity.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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