$AKRO /USDT Technical Analysis and trading signal 🚀 🚀 🚀 🚀
Current Price: $0.002656
24h High: $0.004128
24h Low: $0.002435
SAR (0.02, 0.2): $0.002526
The AKRO/USDT pair has shown significant volatility recently, with a drop of approximately 34.98% over the past 24 hours. This suggests that the market is experiencing a correction or consolidation phase. Let's break down the technical analysis and set some trade targets.
Key Levels:
Support Level: $0.002435 (24h Low)
Resistance Level: $0.004128 (24h High)
SAR Support: $0.002526
Technical Indicators:
1. Relative Strength Index (RSI): Currently, AKRO appears to be in an oversold condition, signaling a potential for a price reversal if the RSI starts rising above 30.
2. Moving Average Convergence Divergence (MACD): The MACD line is likely to cross above the signal line soon, indicating potential upward momentum.
3. Fibonacci Retracement Levels:
23.6% Retracement: $0.002875
50% Retracement: $0.003282
61.8% Retracement: $0.003564
Trade Signal:
Entry Point: Consider buying near the support level of $0.002435-$0.002526.
Stop Loss: Place a stop loss below the $0.002435 level (around $0.002250).
Target Levels 🎯:
1. Target 1: $0.003000 (Short-term recovery)
2. Target 2: $0.003564 (Fibonacci 61.8% retracement level)
3. Target 3: $0.004000 (Previous resistance level)
Momentum:
The market sentiment seems to be turning more bullish after the price touched the lower support zone. If the price manages to break above $0.003000, the momentum will shift toward the upside, and AKRO could head toward the $0.004000 mark.
Trade Setup Recap:
Buy Entry: Around $0.002435-$0.002526
Stop Loss: Below $0.002435
Target Levels:
Target 1: $0.003000
Target 2: $0.003564
Target 3: $0.004000