Akash Network’s native token $AKT slipped 14.14% in the last 24 hours, settling around $0.744, as sellers intensified their pressure on the cryptocurrency market.
Market Activity
Despite the price decline, the daily trading volume surged by 70.31% to $18.85 million, indicating that investors remained actively engaged during the sell‑off. The combination of higher volume and a falling price suggests that sellers are acting with conviction rather than withdrawing from the market.
Trader Positioning
Data from CoinGlass shows that 63.85% of Binance accounts hold long positions on $AKT, while 36.15% are short, pushing the long‑short ratio to 1.77. This bullish tilt has strengthened over recent days, even as the token continues to lose ground, reflecting persistent optimism among crypto investors.
Technical Perspective
On the daily chart, $AKT’s price structure remains constructive, maintaining levels above a critical support zone despite the correction. Analysts view this resilience as a potential precursor to a broader recovery for the blockchain asset.