$AKE
rejected hard from the $0.0055–$0.0060 resistance zone. 📉
After the recent recovery, buyers failed to maintain momentum, and price has now lost the key $0.0035 support level.
We're trading around $0.0025, with sellers clearly in control for now. The next important area to watch is the recent low around $0.0020–$0.0022. If this zone fails to hold, further downside is possible.
For a bullish recovery, AKE needs to reclaim $0.0035 first and turn it back into support. Until then, previous support is now resistance.
No reason to rush into a long here — wait for confirmation before looking for a reversal. 👀
rejected hard from the $0.0055–$0.0060 resistance zone. 📉
After the recent recovery, buyers failed to maintain momentum, and price has now lost the key $0.0035 support level.
We're trading around $0.0025, with sellers clearly in control for now. The next important area to watch is the recent low around $0.0020–$0.0022. If this zone fails to hold, further downside is possible.
For a bullish recovery, AKE needs to reclaim $0.0035 first and turn it back into support. Until then, previous support is now resistance.
No reason to rush into a long here — wait for confirmation before looking for a reversal. 👀
