$AKE | Can the Bullish Momentum Continue?
AKEDO (AKE) has caught the market's attention after a powerful rally of more than 360% in the last 24 hours, accompanied by a significant increase in trading volume. But after such a strong move, we need to focus on what happens next rather than chase the price.
📊 Technically, on the 4-hour timeframe:
The price has broken out of a long consolidation range and moved above the major moving averages with strength. This is a clear shift in market behavior. However, on the 15-minute timeframe, signs of slowing momentum are starting to appear after reaching a high of $0.013331, with the MACD also showing a loss of momentum.
🎯 Key levels I'm watching:$AKE
🟢 Support zones:
$0.01150 – $0.01010 – $0.00913.
🔴 Main resistance:
$0.013331.
What am I watching next?
📈 For buyers: I want to see a genuine breakout above $0.013331, followed by a clear close above this level and strong trading volume to support the move. Only then can we start looking at a potential continuation to the upside.
📉 For sellers: Losing the $0.01150 level could open the door to a deeper correction, especially if selling pressure starts to increase.
⚠️ Another factor to watch: The upcoming token unlock on November 21 deserves attention, as it could increase the available supply in the market.
My view: Momentum is still strong, but entering after a move of this size is not a decision I would favor without a clear signal. Good opportunities don't require chasing candles; what matters most is choosing the right entry zone and waiting for confirmation.
📩 If you want a trading setup for AKE, leave a comment below.
#AKE #AKEDO #cryptotrading
AKEDO (AKE) has caught the market's attention after a powerful rally of more than 360% in the last 24 hours, accompanied by a significant increase in trading volume. But after such a strong move, we need to focus on what happens next rather than chase the price.
📊 Technically, on the 4-hour timeframe:
The price has broken out of a long consolidation range and moved above the major moving averages with strength. This is a clear shift in market behavior. However, on the 15-minute timeframe, signs of slowing momentum are starting to appear after reaching a high of $0.013331, with the MACD also showing a loss of momentum.
🎯 Key levels I'm watching:$AKE
🟢 Support zones:
$0.01150 – $0.01010 – $0.00913.
🔴 Main resistance:
$0.013331.
What am I watching next?
📈 For buyers: I want to see a genuine breakout above $0.013331, followed by a clear close above this level and strong trading volume to support the move. Only then can we start looking at a potential continuation to the upside.
📉 For sellers: Losing the $0.01150 level could open the door to a deeper correction, especially if selling pressure starts to increase.
⚠️ Another factor to watch: The upcoming token unlock on November 21 deserves attention, as it could increase the available supply in the market.
My view: Momentum is still strong, but entering after a move of this size is not a decision I would favor without a clear signal. Good opportunities don't require chasing candles; what matters most is choosing the right entry zone and waiting for confirmation.
📩 If you want a trading setup for AKE, leave a comment below.
#AKE #AKEDO #cryptotrading
