Akash Network Token Surges 25.33% as Buyers Reclaim Support
- Price Surge: Akash Network (AKT) jumped 25.33% in 24 hours to $0.7762, with trading volume soaring 261.04% to $18 million, indicating a significant increase in market participation that could pave the way for a potential test of the $1 level.
- Support Zone Reclaimed: Buyers reclaimed the $0.567 support zone, reflecting improved market sentiment, and although sellers remain dominant, the enhanced absorption capacity of buyers may provide momentum for short-term gains.
- Technical Signal Improvement: The daily MACD produced a bullish crossover, and histogram bars strengthened, indicating a shift towards a positive technical outlook after a prolonged bearish phase, with the next resistance at $0.827 determining whether buyers can extend the rally.
- Divergent Market Sentiment: Despite the rise in spot prices, the futures market remains seller-dominant, with 62.13% of top traders holding long positions, suggesting a clear bullish bias; however, sustained rallies will require stronger futures participation for confirmation.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AKT
Technical Sentiment Analysis for Akash Network (AKT). As of , Akash Network (AKT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AKT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AKT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Akash Network (AKT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.176 | 0.353 | 0.505 | 0.682 | 0.834 | 1.011 | 1.163 |
| Fibonacci | 0.353 | 0.479 | 0.556 | 0.682 | 0.808 | 0.885 | 1.011 |
About AKT
About the author
