Akash Network (AKT) jumped 25.33% in 24 hours as buyers reclaimed support and pushed the token toward a possible $1 test.
Key Points:
- AKT rose to $0.7762 as trading volume climbed 261.04% to $18 million.
- Buyers reclaimed the $0.567 support zone, while resistance near $0.827 became the next major test.
- Futures takers remained seller-dominant, but top Binance traders stayed mostly long.
AKT Price
AKT reached $0.7762 after one of its strongest daily advances in recent weeks, according to market data cited in the analysis.
Trading volume rose 261.04% to $18 million, showing that participation expanded sharply after a choppy stretch earlier in June. The move followed a rebound from the demand area near $0.56, where buyers began to absorb selling pressure.
The recovery also returned AKT above the major support zone around $0.567, a level that had become important after the early-June decline.
Technical signals improved as the daily MACD produced a bullish crossover, while histogram bars strengthened after a long bearish phase. The next resistance sits near $0.827, a prior rejection area that may decide whether buyers can extend the move.
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Binance Traders
Derivatives data still showed a split market, even as AKT’s spot price moved higher.
CryptoQuant data showed futures Taker CVD remained seller-dominant, meaning aggressive sell orders continued to exceed market buys. That pattern suggests some traders used the rally to take profit or reduce exposure rather than add risk.
Even so, the price held firm through the session, which showed that buyers were able to absorb persistent sell-side pressure. That resilience supports the short-term bullish case, but sustained rallies usually need stronger futures participation.
Binance positioning showed a more constructive picture among top traders. On Jun. 14, 62.13% of top trader accounts were long, while 37.87% were short, according to CoinGlass data.
That produced a long-to-short ratio of 1.64, showing a clear bullish bias among leading accounts.
The broader setup now depends on whether AKT can clear $0.827 and hold above reclaimed support. A confirmed breakout could bring the $1 level back into focus, while a failure would put the $0.567 zone back under pressure.
AKT’s recent move followed weeks of weak momentum in early June, when sellers controlled the trend and kept the token near its demand region. The latest rebound matters because it reversed that structure, but the futures imbalance shows the recovery is not yet fully confirmed.
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