SKY traded near $0.0675 on November 5, 2026, but the SKY token price outlook still hinges on clearing resistance at $0.070–$0.072. Trader Crypto With Gopal identified a conditional recovery target of $0.085, while Sky Frontier Foundation’s Q3 results showed higher net revenue despite falling gross revenue.
Summary
Key takeaways
- Gopal’s $0.085 target requires SKY to break above resistance.
- Q3 net revenue increased 11.8% as expenses fell 16%.
- Sky Reserves ended the quarter at $85.08 million.
- Osero’s proposed Base vault targets governance action on November 19.
SKY token price outlook: resistance comes first
SKY must move above $0.070–$0.072 to activate Gopal’s bullish scenario. His November 5 analysis identified a falling wedge on the four-hour chart, with price still inside the narrowing formation after a prolonged correction.
The chart showed converging lower highs and lower lows beneath the October peak. Gopal interpreted that narrowing range as a possible sign of weakening selling pressure, but the upper boundary had not been cleared.
From the $0.0675 reference price, reaching the resistance zone would require a gain of roughly 3.7% to 6.7%. The $0.085 target represents approximately 25.9% upside, while support near $0.063 sits 6.7% below that reference.
The SKY token price outlook rests on that technical breakout condition. Gopal’s target is a chart-based projection, not a valuation derived from protocol earnings.
Lower expenses lift Sky Frontier’s Q3 net revenue
Sky Frontier Foundation reported $37.19 million in Q3 net revenue, an 11.8% quarter-over-quarter increase driven by lower expenses. Gross protocol revenue declined 7.4% to $99.29 million, while expenses fell 16% to $62.10 million.
That cost reduction lifted the net revenue margin from 31% to 37.5%. Q3 marked the protocol’s sixth consecutive quarter of positive net revenue.
Savings payouts contributed substantially to the improvement, declining by $11.97 million to $41.94 million as the sUSDS balance fell from $5.52 billion to $4.52 billion. Because the cut in payouts was larger than the $8.06 million drop in revenue, net revenue actually rose by $3.91 million.
The Foundation allocated $28.47 million to Sky Reserves. The quarter-end balance reached $85.08 million, approximately 56.7% of the $150 million target, with $64.92 million still required.
Buybacks, staking rewards and Galaxy’s allocation
Q3 allocations to SKY token buybacks and USDS staking rewards totaled $8.72 million. Purchases accounted for $5.60 million, with another $3.12 million distributed as USDS rewards to stakers.
The Foundation said Stage 2 of its buyback framework used net revenue to fund token purchases, staking rewards and permanent burns. The first burn removed 2.86 million SKY on September 13.
Also noted in the quarterly report was Galaxy’s decision to allocate $100 million to sUSDS treasury holdings, along with the green light to use these funds as collateral within its institutional lending operations, while the Foundation’s partnership announcement described Galaxy as a company listed on Nasdaq and based in New York.
Osero proposes a Base liquidity vault
Osero’s governance proposal would connect its Ethereum and Base liquidity systems using Circle’s Cross-Chain Transfer Protocol and introduce a Gauntlet-curated USDC vault on Base. It targets the November 19 governance spell, subject to Sky Core actions and execution on both chains.
Under the proposed vault, deposits are capped at 15 million USDC, with that limit refilling by 10 million USDC each day. Its rate-limit configuration allows unlimited withdrawals.
A distinct cap of 10 million USDC would govern cross-chain transfers, with this threshold being restored at a rate of 50 million USDC daily in either direction. Those parameters are distinct from the vault’s deposit limits.
According to the proposal, no tokens would be moved by the governance spell itself, and once configuration checks are complete, engineers intend to run a test transfer of 1,000 USDS from the Base vault back to Ethereum and return.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
