Writing
👀 $AKE
— A $292K sell wall is sitting far above the current price!
After the price was rejected at $0.0181, I noticed a large sell order in the order book worth up to $292K at $0.023. It has remained there for nearly 12 hours, at a price close to double the current one.
Does this represent an ambitious exit level for a large investor? Maybe! But the presence of a sell wall doesn’t necessarily mean that a whale expects the price to reach this level, as these orders can be modified or canceled at any time.
📍 The level I’m currently watching is $0.010.
If buyers manage to defend this level and trading volume picks up again, we may see another attempt at recovery and a move higher.
But if the price loses this support, the coin’s positive outlook will weaken.
🎯 The $0.023 level remains an interesting area in the order book, but it is not a confirmed price target.
🔥 Will buyers return in force to push the price higher, or will the sell wall remain out of reach?#USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months
👀 $AKE
— A $292K sell wall is sitting far above the current price!
After the price was rejected at $0.0181, I noticed a large sell order in the order book worth up to $292K at $0.023. It has remained there for nearly 12 hours, at a price close to double the current one.
Does this represent an ambitious exit level for a large investor? Maybe! But the presence of a sell wall doesn’t necessarily mean that a whale expects the price to reach this level, as these orders can be modified or canceled at any time.
📍 The level I’m currently watching is $0.010.
If buyers manage to defend this level and trading volume picks up again, we may see another attempt at recovery and a move higher.
But if the price loses this support, the coin’s positive outlook will weaken.
🎯 The $0.023 level remains an interesting area in the order book, but it is not a confirmed price target.
🔥 Will buyers return in force to push the price higher, or will the sell wall remain out of reach?#USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months
