AKTIO/USDC - AKTIO on track for recovery towards 0,38 and 0,58
Market & Ticker: VANCELIAN – AKTIO/USDC
Date: 28/10/2024
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
AKTIO the native token of Rayn app surged sharply by the end of February ending the bearish cycle engaged in 2022. AKTIO price action sensibility is linked to the trading volume activity of the Rayn app.
At the current level, a key support is defined at 0,2450 to develop a recovery phase to start towards 0,38 before 0.58
Technical Key Elements:
- Consolidation channel is surpassed
- RSI is positive and moving averages confirmed bullish signal while acting as support
- Fibonacci key levels set at 0.2450 and 0.38
- Long-term key Fibonacci projection set at 0,58 and 1,03
Trade Idea conclusion: Buy
- Resistance 2: 0,38 and 0,58
- Buy / DCA are from 0,2850
- Support: 0,2450
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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