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$AKE remains in a bullish market structure, with the Daily MA7 continuing to support the uptrend. The recent pullback successfully tested the levels we shared previously before bouncing back strongly, showing buyers are still active.
Previously, we highlighted 0.0038 as the key support. Price lost that level, dropped to 0.0035, and then recovered toward 0.0047, completing the projected targets. Now, we can follow a similar approach again.
Resistance: 0.0047 – 0.0048
Support: 0.0039 – 0.0038
Major Supports: 0.0035 and 0.0033
Preferred Entry Zone: 0.0038 – 0.0039
Stop Loss: Below the 1H MA200 (currently acting as dynamic trend support)
📈 Bullish Scenario – If #AKE holds above 0.0038–0.0039 and buyers defend the Daily MA7, the next move could target 0.0047 – 0.0048
A successful breakout above 0.0048 could extend the rally toward 0.0055 – 0.0060, with the potential to retest the previous all-time high if momentum accelerates.
📉 Bearish Scenario – If price loses 0.0038 again, expect a quick pullback toward 0.0035.
If selling pressure continues, 0.0033 becomes the next major support and would weaken the current bullish structure.
⚠️ Wait for confirmation before entering. The 0.0038–0.0039 zone offers the best risk-to-reward, while the 1H MA200 remains the key invalidation level for bullish positions.
Both the 1Hr and 4Hr charts are telling the same story. Price is approaching a key resistance zone, so the next move could be decisive.
Key Levels
Resistance: 0.0043 – 0.0044
Support: 0.0038
Major Supports: 0.0032 and 0.0028
📈 Bullish Scenario - If #AKE breaks and holds above 0.0044, expect the next move toward 0.0046 – 0.0048
If price consolidates above that range with healthy volume, the rally could extend toward 0.0055 – 0.0060
A strong bullish momentum could even push price to a new all-time high.
📉 Bearish Scenario - If price loses 0.0038, be prepared for a quick pullback toward 0.0035 – 0.0032
If selling pressure increases further, 0.0028 becomes the next major support.