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.
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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.
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The post Why Is Akropolis (AKRO) Crypto Price Pumping? appeared first on CaptainAltcoin.
