AKRO Technical Analysis: Reversal Ready To Restart Uptrend

The bullish reversal in AKRO prices struggles to surpass the overhead resistance at $0.0060 to restart a bullish phase to drive the prices to $0.0080. Key technical points: The AKRO market price has increased 24.92% over the past 24 hours. The price jump sustains above the midline of Bollinger bands. The 24-hour trading volume of Arkopolis is $75.41 Million, indicating a hike of 95%. Past Performance of AKRO The technical chart of the AKRO/USD currency reveals a pause in the long-coming downtrend near $0.0030, resulting in a lateral shift in the price trend. Buyers, however, take advantage of the weakening selling pressure and push the trend upward to $0.0050. However, because of the higher price rejection, it is difficult for bulls to keep the market value over the psychological level. Source- Tradingview AKRO Technical Analysis AKRO prices showcase a lower price rejection in the daily candle, indicating a buying pressure ready to surpass the overhead resistance at $0.0060. Furthermore, the increase in trading volume supports the idea of a price jump. After a parabolic reversal in the bottom band at $0.0030, the Bollinger bands begin to rise in a rising channel. Furthermore, the price remains above the midline and finds support, suggesting that an upside extension is possible. In terms of technical indicators, the MACD and signal lines have avoided a bearish crossover with overnight growth and are approaching the zero line. T...