S&P Global assigns ‘B-’ credit rating to Sky Protocol, first for DeFi protocol
S&P Global Ratings assigns a B- rating to Sky Protocol: This marks the first credit rating for a decentralized finance platform, focusing on its ability to maintain stablecoin value and highlighting risks such as centralized governance and regulatory uncertainty.
Comparison with other stablecoins: The assessment places USDS at a "4" rating, indicating constraints, while Circle's USDC received a "2" (strong) rating. S&P's analysis reflects increasing scrutiny of stablecoin issuers as they engage more with traditional financial markets.
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Technical Analysis for SKY
Technical Sentiment Analysis for Sky (SKY) As of , Sky (SKY) 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 SKY 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, SKY 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 $-.
Sky (SKY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0357 | 0.0443 | 0.0541 | 0.0627 | 0.0725 | 0.0811 | 0.0909 |
| Fibonacci | 0.0443 | 0.0514 | 0.0557 | 0.0627 | 0.0698 | 0.0741 | 0.0811 |
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