SKR has already gone through the hardest part of the cycle: sharp downside, capitulation, and slow bottom formation. The previous spike to 0.0228 shows that when liquidity comes in, this chart can move aggressively. Now price is sitting near the lower range after a long reset.
The bullish angle is that the current zone looks more like exhaustion than fresh distribution. Sellers pushed price down, but the chart is now starting to print smaller candles near the lows. That often means the downside move is losing strength.
A reclaim of 0.0136 would be the first serious confirmation. After that, 0.0167 becomes the next resistance. If SKR starts closing above those levels, the market can begin pricing in a larger recovery toward the previous impulse zone.
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