Akash NetworkLong
What Does AKT Price Structure Highlights On Daily Time Frame
What Does AKT Price Structure Highlights On Daily Time Frame? Let's Decode!
The AKT/USD on Coinbase opened at $5.50 on March 19th, 2024. The current price has traded nearly 37% down, and from the peak generated of $6.90 on April 23rd, AKT traded nearly 50% down. While it attained its lowest on the chart on June 18th, 2024, at $2.434, and from this low, the AKT has traded nearly 35% higher.
Looking at a broader picture, it represents a bullish pattern breakout, precisely the falling wedge pattern, where the breakout popped out on June 28th, 2024, and rose briefly until $3.95. Where this brief upward journey got a brake as BTC slipped fast, and by July 5th, the price dipped back to $2.45.
From there onwards, the BTC sustained, and so did the broader market and AKT. However, due to the lack of liquidity present, the price trades beneath the 50-day EMA, acting as one of the dynamic interactions flowing with a price.
However, some bull's presence has been observed on the chart, and the MACD had a bullish cross. The RSI stands top of 14-SMA at 49.30. Thus, the indicator signifies that there is slight bullishness with low liquidity, keeping the asset in a sideways range.
The AKT/USD on Coinbase opened at $5.50 on March 19th, 2024. The current price has traded nearly 37% down, and from the peak generated of $6.90 on April 23rd, AKT traded nearly 50% down. While it attained its lowest on the chart on June 18th, 2024, at $2.434, and from this low, the AKT has traded nearly 35% higher.
Looking at a broader picture, it represents a bullish pattern breakout, precisely the falling wedge pattern, where the breakout popped out on June 28th, 2024, and rose briefly until $3.95. Where this brief upward journey got a brake as BTC slipped fast, and by July 5th, the price dipped back to $2.45.
From there onwards, the BTC sustained, and so did the broader market and AKT. However, due to the lack of liquidity present, the price trades beneath the 50-day EMA, acting as one of the dynamic interactions flowing with a price.
However, some bull's presence has been observed on the chart, and the MACD had a bullish cross. The RSI stands top of 14-SMA at 49.30. Thus, the indicator signifies that there is slight bullishness with low liquidity, keeping the asset in a sideways range.
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