$AKT
/ USDT Analysis — 1m Timeframe
$AKT (Akash Network) is undergoing a quick technical pull-back on the 1-minute timeframe after making a sharp run up to a local peak at $0.7415. Price action has dropped below short-term moving averages and is currently testing key dynamic support near the MA(25) and Supertrend indicator.
Key Market Observations
* Current Price: $0.7259 (+10.98% 24h change)
* 24h High / Low: $0.7415 / $0.6450
* Key Moving Averages (1m):
* MA(7): $0.7318 | EMA(7): $0.7297
* MA(25): $0.7242 | EMA(25): $0.7258
* MA(99): $0.7142 | EMA(99): $0.7151
* Supertrend (10,3): Bullish support sitting right below at $0.7253.
Technical Setup & Structure
* Market Structure: Following a steady higher-high progression from $0.6933 up to $0.7415, the pair hit immediate profit-taking. Price is now compressing around the $0.7242–$0.7258 area where EMA(25), MA(25), and the Supertrend level converge.
* Volume: Increased volume accompanied the rally to $0.7415, followed by declining volume on the retracement down to $0.7259.
* Key Support: $0.7240 – $0.7255 (EMA(25), MA(25), Supertrend confluence zone). Secondary structural support sits lower at $0.7140 – $0.7150 (MA(99) / EMA(99)).
* Key Resistance: $0.7297 – $0.7318 (EMA(7) & MA(7) cluster). Major resistance sits at $0.7415 (24h High / Local peak).
Trade Execution Strategy
Scenario 1: Support Hold / Long (Scalp)
* Entry Zone: $0.7245 – $0.7260 (looking for a bounce off Supertrend/EMA(25) support)
* Target 1 (TP1): $0.7318 (MA(7) retest)
* Target 2 (TP2): $0.7400 (Retest of local high)
* Stop Loss (SL): $0.7215
Scenario 2: Breakdown Continuation / Short (Scalp)
* Entry Zone: Rejection at $0.7295 – $0.7318 OR a clean breakdown below $0.7240
* Target 1 (TP1): $0.7180
* Target 2 (TP2): $0.7145 (MA(99) retest)
* Stop Loss (SL): $0.7340
Disclaimer: Scalping on the 1-minute timeframe involves high market sensitivity and elevated risk. Use disciplined position sizing and strict stop losses.
#CanaryFilesAmendedS1ForPEPEETF #GreekPoliceBustCryptoScamRingArrest17
/ USDT Analysis — 1m Timeframe
$AKT (Akash Network) is undergoing a quick technical pull-back on the 1-minute timeframe after making a sharp run up to a local peak at $0.7415. Price action has dropped below short-term moving averages and is currently testing key dynamic support near the MA(25) and Supertrend indicator.
Key Market Observations
* Current Price: $0.7259 (+10.98% 24h change)
* 24h High / Low: $0.7415 / $0.6450
* Key Moving Averages (1m):
* MA(7): $0.7318 | EMA(7): $0.7297
* MA(25): $0.7242 | EMA(25): $0.7258
* MA(99): $0.7142 | EMA(99): $0.7151
* Supertrend (10,3): Bullish support sitting right below at $0.7253.
Technical Setup & Structure
* Market Structure: Following a steady higher-high progression from $0.6933 up to $0.7415, the pair hit immediate profit-taking. Price is now compressing around the $0.7242–$0.7258 area where EMA(25), MA(25), and the Supertrend level converge.
* Volume: Increased volume accompanied the rally to $0.7415, followed by declining volume on the retracement down to $0.7259.
* Key Support: $0.7240 – $0.7255 (EMA(25), MA(25), Supertrend confluence zone). Secondary structural support sits lower at $0.7140 – $0.7150 (MA(99) / EMA(99)).
* Key Resistance: $0.7297 – $0.7318 (EMA(7) & MA(7) cluster). Major resistance sits at $0.7415 (24h High / Local peak).
Trade Execution Strategy
Scenario 1: Support Hold / Long (Scalp)
* Entry Zone: $0.7245 – $0.7260 (looking for a bounce off Supertrend/EMA(25) support)
* Target 1 (TP1): $0.7318 (MA(7) retest)
* Target 2 (TP2): $0.7400 (Retest of local high)
* Stop Loss (SL): $0.7215
Scenario 2: Breakdown Continuation / Short (Scalp)
* Entry Zone: Rejection at $0.7295 – $0.7318 OR a clean breakdown below $0.7240
* Target 1 (TP1): $0.7180
* Target 2 (TP2): $0.7145 (MA(99) retest)
* Stop Loss (SL): $0.7340
Disclaimer: Scalping on the 1-minute timeframe involves high market sensitivity and elevated risk. Use disciplined position sizing and strict stop losses.
#CanaryFilesAmendedS1ForPEPEETF #GreekPoliceBustCryptoScamRingArrest17