will it go long again? $AKE
Based on real-world data of the AKEDO token ($AKE), below is the analysis and a scenario for the next 24 hours:
📊 Current market backdrop of $AKEExtreme volatility: Token $AKE has just gone through an extremely strong rally (at times reaching a peak above 0.14–0.16 USDT within a few days prior) but is currently facing heavy sell-offs and brutal profit-taking, dropping by more than 40%–70% from the peak.Market sentiment: Overall, Short positions (short selling) have accumulated heavily as the price keeps falling, but this is a double-edged sword. With 24h trading volume still staying high (around several tens to hundreds of millions USD), speculative capital flowing through this ticker is very strong.🔎 Technical analysis scenario for the next 24 hours
Scenario: Continue scanning the bottom (60% probability)Trend: Selling pressure (panic selling) after breaking key psychological support levels shows no signs of stopping.Price action: Price may continue downward momentum, heading toward deeper support zones around 0.027 - 0.030 USDT. If buying demand to catch the bottom here is weak, the price will continue to trade sideways at low levels to accumulate supply again.Recommendation for Long: Absolutely do not rush to enter a Long (Buy) position to "catch a falling knife" unless a clear reversal pattern appears, or there is a strong pinched wick candle with large volume.