$AKRO

/USDT Technical Analysis Update

📉 Price Overview: The AKRO/USDT pair is currently trading at $0.0026, down by 37.84% in the past 24 hours. This sharp decline has brought the price near its 24h low of $0.002564, with a high of $0.004208 during the same period.

📊 4-Hour Chart Insights:

Current Price: $0.0026

4-Hour Price Movement: A -32.10% drop over the last 4 hours, showing a potential continuation of bearish momentum.

Support Zone: The price is approaching a key support level around $0.0026, with further downside risks if the market sentiment remains negative.

Resistance Zone: The next resistance level is near $0.0040, where price rejection has occurred in recent trading sessions.

🔍 Volume Analysis:

24h Volume (AKRO): 4.03 billion

24h Volume (USDT): 12.77 million

High volume on the downside suggests increasing selling pressure, but the market remains volatile, and further confirmation is needed before anticipating a reversal.

📅 Looking Ahead:

Bullish scenario: A price recovery above $0.0030 could signal a potential trend reversal towards higher resistance levels.

Bearish scenario: A break below $0.0025 could lead to further declines, testing new lows in the coming hours.

Stay tuned for more updates and consider market conditions carefully before making any trading decisions!