How does the short interest for SKYH affect its price in the digital currency market?

1 answers

• Nov 24, 2021 · 3 years ago
  The short interest for SKYH can have a significant impact on its price in the digital currency market. When there is a high short interest, it indicates that there are a large number of traders who are pessimistic about the future price of SKYH and are betting on its price to decline. This can create a bearish sentiment and lead to a decrease in the price of SKYH. On the other hand, when the short interest is low, it suggests that there is less selling pressure and the price of SKYH may have more potential for growth. It's important for investors to monitor the short interest for SKYH as it can provide insights into market sentiment and potential price movements.
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