📊 $AKE Update: Profit-Taking & Support Check 🔍
After that massive run to $0.0160,$AKE saw a sharp pull-back as profit-taking kicked in, bringing the price down to $0.0116 (+79.63%).
Key points on the current chart:
📉 Healthy Retracement: The sharp red candle flushed out short-term leverage, but buyers stepped in quickly near the MA(25) line around $0.0112.
🛡️ Moving Average Support: Currently holding right around the MA(7) (~$0.0116), showing signs of stabilization.
📈 Volume Peak: Sell volume spiked (MA5 volume at 1.85M) during the drop, but selling pressure is starting to calm down on the 15m timeframe.
Are we looking at a healthy reset before another leg up, or will we test lower support levels around $0.0097?
What’s your plan here—buying the dip or waiting for confirmation? 👇
$AKE #AKE #BinanceSquare #CryptoTrading
After that massive run to $0.0160,$AKE saw a sharp pull-back as profit-taking kicked in, bringing the price down to $0.0116 (+79.63%).
Key points on the current chart:
📉 Healthy Retracement: The sharp red candle flushed out short-term leverage, but buyers stepped in quickly near the MA(25) line around $0.0112.
🛡️ Moving Average Support: Currently holding right around the MA(7) (~$0.0116), showing signs of stabilization.
📈 Volume Peak: Sell volume spiked (MA5 volume at 1.85M) during the drop, but selling pressure is starting to calm down on the 15m timeframe.
Are we looking at a healthy reset before another leg up, or will we test lower support levels around $0.0097?
What’s your plan here—buying the dip or waiting for confirmation? 👇
$AKE #AKE #BinanceSquare #CryptoTrading