Akropolis (AKRO) has seen a 70% price increase today after being bearish for 3 months. The main driver of the price surge is the announcement by KCEX, a crypto exchange. This spike is likely to make the price start a longer bullish trajectory with a potential 100% spike.
KCEX Futures Listing Generates Excitement
On June 28, 2024, at 10:00 UTC, KCEX Futures launched AKRO USDT-M perpetual futures contracts. This new offering provides traders with adjustable leverage options ranging from 5x to 50x, potentially attracting more investors to the AKRO market.
#KCEX New Listing Exciting news! KCEX Futures will be launching $AKRO USDT-M perpetual futures with 5-50x adjustable leverage. Trading begins: June 28, 2024, at 10:00 (UTC) Start Trading Now:– $AKRO USDT: https://t.co/apZ7cdgMbA pic.twitter.com/X4MAbuVK50
— KCEX (@KCEX_Official) June 28, 2024
KCEX shared the news on their official X account, @KCEX_Official, and it got a lot of attention from the crypto community. The exchange also provided a direct link to their futures trading platform, making it easy for interested parties to access the new AKRO trading pairs.
Technical Analysis: Ending the Downward Trend
Before this announcement, AKRO’s price had been going down since early April. The cryptocurrency had been following a downward trendline. But the news has caused a big price increase, pushing AKRO above this resistance trend line.
New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Show less –
This breakout is important because it could mean the downward trend is ending. If AKRO can stay above the previous resistance level, it could lead to a big increase in price.
People are now closely watching AKRO’s price, as the current momentum could result in a large increase. If the price closes above the resistance level, it could rise by as much as 100%.
KCEX’s listing announcement has definitely given new energy to the AKRO market.
Read Also: Bitcoin Price Action Paints a Bearish Outlook for BTC Next Month: The Two Possible Scenarios
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Why Is Akropolis (AKRO) Crypto Price Pumping? appeared first on CaptainAltcoin.