Seeker Price Prediction: SKR Open Interest Explodes as September Breakout Looms

Seeker ($SKR) has entered September with powerful momentum after a sharp rally pushed the token far above its key moving averages. $SKR climbed 116.70% over the past 24 hours and gained 274.50% during the past week.

The surge lifted its price toward $0.0353 before traders locked in profits. Consequently, $SKR now faces a critical test as bulls attempt to extend the breakout.

$SKR Breakout Meets Profit-Taking

$SKR traded near $0.02833 on August 31, with daily volume reaching about $306 million. The token now commands a market value near $197 million. However, the latest rally has also created conditions for sharp price swings.

The four-hour chart shows a decisive move from the $0.01 region toward $0.0353. $SKR then retreated toward $0.0274 as traders took profits. Despite that pullback, the broader structure remains strongly bullish.

Additionally, $SKR trades well above its 20, 50, and 100 EMAs. Those averages currently sit near $0.01634, $0.01213, and $0.01055. Hence, the underlying trend still favors buyers unless the token loses its breakout supports.

The DMI also maintains a bullish setup, with buying pressure exceeding selling pressure. However, traders may expect greater volatility after such an aggressive advance.

Key Levels to Watch in September

Open Interest Signals Rising Speculation

The derivatives market provides another important clue for $SKR’s September outlook. Open interest remained relatively steady through May and June before falling toward $6 million.

The metric then moved sideways between roughly $5 million and $7 million during July and August. Significantly, that pattern changed on August 31.

Open interest surged to $54.58 million as $SKR approached $0.024. Such a rapid expansion suggests traders opened substantially more leveraged positions.

Moreover, rising open interest can amplify both rallies and declines. Therefore, $SKR could experience larger price movements if traders begin unwinding crowded positions.

Spot Flows Add a Warning

Spot market flows offer a more cautious signal. $SKR recorded heavy outflows during the January and February decline. Some individual outflow readings exceeded $6 million during that period.

However, flows largely stabilized from mid-February onward. Activity stayed close to neutral through much of March and August.

The latest reading showed an outflow near $987,670 on August 31. That development indicates renewed selling pressure as the token enters September.

Consequently, bulls need strong spot demand to support another breakout. Without that demand, leveraged positioning could make any correction more severe.

Technical Outlook for Seeker Price

Key levels remain clearly defined heading into September.

Upside levels: $0.02919 and $0.03528 remain the immediate hurdles. A decisive breakout above $0.03528 could open the way toward fresh highs as bullish momentum expands.

Downside levels: $0.02441 represents the first major support, followed by $0.02105. Deeper support sits around $0.01770–$0.01634, where the 20-day EMA provides additional technical backing.

Will Seeker Go Up?

Seeker’s September outlook hinges on whether buyers can defend $0.02441 after the recent explosive rally. A sustained recovery above $0.02919 would strengthen the bullish structure and put $0.03528 back in focus. However, the sharp rise in open interest to $54.58 million signals heavier speculative positioning and could amplify volatility. Meanwhile, the latest spot outflow of roughly $987,670 introduces a cautionary signal.

For now, $SKR remains in a high-volatility breakout phase. Stronger spot demand and sustained momentum could support another push toward $0.03528 and beyond. Conversely, losing $0.02441 could trigger a deeper retracement toward $0.02105 and the $0.01770–$0.01634 support zone.