The MACD indicator implies a potential shift in momentum. The MACD line (blue) is below the signal line (orange), which suggests that bears have the upper hand in the short run; however, both lines are still above the zero line, meaning that the general trend remains upward. The RSI is 51.17, which indicates neutral momentum as it has cooled down from overbought levels seen during an initial price surge.
Akash Network Price Analysis
Akash Network (AKT) coin price analysis shows volatility and a recent downtrend with a complicated pattern. The price chart indicates that AKT had significant growth earlier in May to reach heights above $6.00 before going on a continuous decline since mid-May for now it trades at $3.1401 only. From its latest highs, this marks a significant retreat, implying strong selling pressure over the past month or so. The current market conditions indicate some recovery signs, with small green candles appearing for several days, suggesting bearish momentum may be slowing.
