🔍 AKT Analysis – Holding Ground or Losing Grip? 🔍
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🌐 AKT (Akash Network) is a decentralized cloud infrastructure token gaining traction in the DeFi and AI sectors. While the broader market eyes a potential BTC correction, AKT is showing signs of consolidation after a failed breakout attempt. Let’s decode the 4H setup.
📈 Technical Analysis
- Short-term trend: Sideways with bearish lean
- Support: 1.253 USDT
- Resistance: 1.316 USDT
- Pattern: Lower highs forming a descending triangle
- Volume: 84K – low and declining
- RSI: 47.79 – neutral zone, no strong bias
- MA(5) vs MA(10): MA(5) below MA(10), confirming short-term weakness
- Outlook: Neutral to bearish unless volume and RSI recover
📰 Market Data & News
- Current Price: 1.302 USDT
- 24h Change: -0.61%
- No major headlines for AKT, but BTC’s potential dip and ETH’s rallycould influence sentiment across altcoins
🔄 Scenario Breakdown
- Bullish Case: Break above 1.316 with RSI > 55 and volume surge could trigger rally toward 1.400
- Bearish Case: Drop below 1.253 confirms downside continuation toward 1.200 zone
📊 Sentiment Meter
📊 Neutral – Range-bound, no clear direction
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
Will AKT reclaim 1.316 or revisit support at 1.253? Drop your take below 👇
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📊 Comment your bias: Bullish or Bearish?
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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.