$AKE has seen a sharp volatility expansion, pushing from around $0.008 to above $0.040 before quickly reversing. Price is now around $0.0129, showing that most of the pump has already been retraced.
The 1H structure is currently bearish, with consecutive lower highs and lower candles forming after the rejection. Since there are no clear support or resistance zones drawn, avoid forcing levels onto the chart and instead watch how price reacts around previous 1H swing points.
A stronger recovery would require $AKE to stabilize and reclaim the recent breakdown area with clear bullish momentum. Until then, the safer approach is to wait for a fresh structure to form rather than chasing the move after such a sharp spike.
#AKE #altcoins
The 1H structure is currently bearish, with consecutive lower highs and lower candles forming after the rejection. Since there are no clear support or resistance zones drawn, avoid forcing levels onto the chart and instead watch how price reacts around previous 1H swing points.
A stronger recovery would require $AKE to stabilize and reclaim the recent breakdown area with clear bullish momentum. Until then, the safer approach is to wait for a fresh structure to form rather than chasing the move after such a sharp spike.
#AKE #altcoins
