The SKR token experienced a sharp 40 percent price increase during the intraday session on April 24, as updates from the Solana Mobile ecosystem appeared to ignite significant buying pressure after weeks of downward drift.
According to reporting from CoinPedia, the rally originated from a key demand zone around $0.016–$0.018, where the price had established a base. The subsequent move pushed the token’s value toward the $0.0205 region, with short-term exponential moving averages now acting as support, which often signals a shift in market momentum.
The primary trigger for the rally appears to be a series of ecosystem updates related to Solana Mobile. The team confirmed its presence at several upcoming industry events, including Solana Accelerate, Ship Week, and Consensus 2026. More concretely, the Seeker mobile device rolled out the XONA dApp directly into its store, giving users an integrated tool for creating AI-generated content with a pay-per-use model.
This move comes at a time of strengthening fundamentals for the broader Solana network. Data shows Solana has outpaced Ethereum in weekly dApp revenue for five straight weeks and processed a record $650 billion in monthly volume in February, overtaking Ethereum’s $525 billion. The growth in the underlying ecosystem, coupled with over $1 billion in cumulative inflows to Solana-based ETFs, suggests a deeping of institutional and user engagement that provides a strong backdrop for ecosystem projects like SKR.
Price Levels to Watch
While the 40 percent surge has broken the recent downtrend, the token now faces a significant technical hurdle. The immediate resistance zone sits between $0.026 and $0.028, a level that has historically served as a rejection point for prior rallies.
A failure to break through this area could see the price consolidate or return to its previous trading range. However, if buyers can push the price above this resistance with significant volume, analysts project the next logical target would be near the $0.045 mark. The ability of the SKR price to hold above the former resistance and establish it as a new support level will be critical in determining if this rally has lasting power.
This article is for informational purposes only and does not constitute investment advice.
