Analysis Time: 16:19 CEST, April 21, 2024
Overview:
AKROUSDT is trading at 0.008112, up 8.28% in the past 24 hours.
In the past month, the price has fallen 42.25% from 0.014000 to 0.008112.
In the past year, the price has fallen 65.62% from 0.023300 to 0.008112.
Technical Indicators:
Moving Averages:
MA(7): 0.006693
MA(25): 0.007781
MA(99): 0.006398
Volume:
AKRO Volume: 1.679B
USDT Volume: 13.723M
Support and Resistance:
Support: 0.007501, 0.007177, 0.006693
Resistance: 0.009180, 0.011900, 0.014000
Analysis:
AKROUSDT has experienced a significant 8.28% increase in the past 24 hours. This increase suggests that the price may be breaking its recent 1-month downtrend.
However, the price is still trading below the 0.011900 resistance level. A break above this resistance level could signal further upside potential.
In terms of support levels, 0.007501 and 0.007177 are key. A break below these support levels could signal the start of a new downtrend.
Technical indicators are giving mixed signals. Moving averages are trending downwards recently. Volume is increasing recently.
Overall:
The short-term trend for AKROUSDT is uncertain. A break above the 0.011900 resistance level and a close above 0.007501 support could suggest that the uptrend is continuing.
However, a close below the 0.011900 resistance level and a break below 0.007501 support could signal the start of a new downtrend.
Investors should do their own research and consider their risk tolerance before investing.
Note:
This analysis is for informational purposes only and should not be construed as investment advice.
I hope this analysis is helpful.
Please let me know if you have any other questions.
