AKE has moved almost 300% in one week and this is exactly where I would stop looking only at the chart.
The rally has been aggressive.
AKE is up around 53% in the last 24 hours and the price has continued higher since the bullish move started in July.
But Monday brings a very different test.
Around 2.11 billion AKE tokens are scheduled to unlock. That is 2.11% of the total 100 billion supply and at current prices the unlock is worth roughly $127M.
That number matters because only around 22% of the total supply is currently circulating.
So the market is pricing a rapidly moving asset while the available supply is still relatively small.
This is where things can get interesting.
Previous monthly unlocks have not consistently stopped the uptrend. Some months saw pullbacks before the unlock while others barely reacted.
That means I would not assume this unlock automatically marks the top.
But I also would not ignore it.
The chart is already showing signs that momentum is becoming stretched. RSI is in overbought territory while short term spot CVD has started falling. Open Interest has also declined while price stayed around $0.063.
Funding turning negative is another interesting detail.
Traders are increasingly positioned for downside while price is refusing to break lower.
That can become dangerous in both directions.
If buyers absorb the new supply and spot demand returns then the rally can continue.
But if the unlock creates meaningful selling while spot demand remains weak then the current price discovery structure could unwind quickly.
The nearby levels I would watch are around $0.0418 and $0.0294.
The first one sits roughly 35% below the current area which shows just how wide the gaps can become after a move like this.
For me the real question is not whether AKE can keep going after a 300% week.
It is whether the market can absorb $127M of additional supply without losing its structure.
That answer should become much clearer after the unlock.
