Akash Network (AKT)
Akash Network (AKT)
Akash Network emerged as the third most underperformer cryptocurrency of the week losing nearly 18%. Akash Network started the week on a positive note however the bulls could not capitalize the gains and the price loomed below.
The daily chart indicates the formation of a declining channel pattern with the price rolling between the upper and lower boundary of the channel. At the time of writing, the decline in the price continued with AKT hovering close to $2.28. This consistent downwards pressure indicates a challenging week for Akash Network as the crypto struggled to find support.
Additionally, the trading volume for AKT has significantly dropped, declining by nearly 59.7% a day to 5.884 Million. The reduction in trading activity highlights that the market interests have dropped contributing to overall price decline.
Akash Network emerged as the third most underperformer cryptocurrency of the week losing nearly 18%. Akash Network started the week on a positive note however the bulls could not capitalize the gains and the price loomed below.
The daily chart indicates the formation of a declining channel pattern with the price rolling between the upper and lower boundary of the channel. At the time of writing, the decline in the price continued with AKT hovering close to $2.28. This consistent downwards pressure indicates a challenging week for Akash Network as the crypto struggled to find support.
Additionally, the trading volume for AKT has significantly dropped, declining by nearly 59.7% a day to 5.884 Million. The reduction in trading activity highlights that the market interests have dropped contributing to overall price decline.
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