AKE DROPS OVER 40%, WILL KEY SUPPORT HOLD?
AKE is facing significant selling pressure, down approximately 41% over the past 24 hours and trading around $0.01109.
After its earlier explosive rally to a high near $0.1426, the token has experienced a sharp correction, giving back a substantial portion of its gains.
The technical picture remains bearish. Price is trading below both the 7-day moving average ($0.02166) and the 30-day moving average ($0.02788), indicating weakening short and medium-term momentum.
However, it remains slightly above the 200-day moving average near $0.00994, which is an important level to watch.
The RSI is around 33.29, approaching oversold territory. Meanwhile, the MACD remains negative, with the DIF below the signal line, suggesting that bearish momentum is still present.
Trading activity also points to continued distribution. Despite $22.28M in 24-hour volume, sell activity exceeded buying, with approximately $11.36M in sells against $10.92M in buys. Net buying stands at -$440.96K, reinforcing the current selling pressure.
KEY $AKE MARKET METRICS
- Price: $0.01109
- 24H Change: -40.64%
- 24H Volume: $22.28M
- Net Buy: -$440.96K
- Unique Traders: 1.5K
- RSI (14): 33.29
KEY LEVELS TO WATCH
The $0.00994–$0.01000 region is a critical support area aligning with the 200-day moving average. A breakdown below this zone could expose $AKE to further downside.
On the upside, I’ll be watching for a recovery above $0.02166, followed by the $0.02788 region. Reclaiming these moving averages would provide an early indication that buyers are regaining control.
I’ll be watching whether the $0.010 area holds and whether net buying turns positive. Until then, protecting capital and waiting for confirmation may be the more prudent approach.
Disclaimer: This is my market research, not financial advice.
#Altcoin Season#
AKE is facing significant selling pressure, down approximately 41% over the past 24 hours and trading around $0.01109.
After its earlier explosive rally to a high near $0.1426, the token has experienced a sharp correction, giving back a substantial portion of its gains.
The technical picture remains bearish. Price is trading below both the 7-day moving average ($0.02166) and the 30-day moving average ($0.02788), indicating weakening short and medium-term momentum.
However, it remains slightly above the 200-day moving average near $0.00994, which is an important level to watch.
The RSI is around 33.29, approaching oversold territory. Meanwhile, the MACD remains negative, with the DIF below the signal line, suggesting that bearish momentum is still present.
Trading activity also points to continued distribution. Despite $22.28M in 24-hour volume, sell activity exceeded buying, with approximately $11.36M in sells against $10.92M in buys. Net buying stands at -$440.96K, reinforcing the current selling pressure.
KEY $AKE MARKET METRICS
- Price: $0.01109
- 24H Change: -40.64%
- 24H Volume: $22.28M
- Net Buy: -$440.96K
- Unique Traders: 1.5K
- RSI (14): 33.29
KEY LEVELS TO WATCH
The $0.00994–$0.01000 region is a critical support area aligning with the 200-day moving average. A breakdown below this zone could expose $AKE to further downside.
On the upside, I’ll be watching for a recovery above $0.02166, followed by the $0.02788 region. Reclaiming these moving averages would provide an early indication that buyers are regaining control.
I’ll be watching whether the $0.010 area holds and whether net buying turns positive. Until then, protecting capital and waiting for confirmation may be the more prudent approach.
Disclaimer: This is my market research, not financial advice.
#Altcoin Season#
