Akash Network Soars 25% as Buyers Defy the Sellers Quietly Cashing Out 🪙

Akash Network's AKT token climbed 25.33% in 24 hours, reaching $0.7762 on trading volume of $18 million, a 261.04% surge from the prior session. The rally pulled AKT out of a demand zone near $0.56 where it had struggled through early June and lifted it above recent consolidation levels. The move marked one of the token's strongest daily advances in recent weeks and drew renewed attention across the altcoin market.

Despite the price recovery, futures order flow signaled caution underneath the surface. The Taker Cumulative Volume Delta (CVD) remained seller-dominant, indicating that aggressive sell orders continued to outweigh market buys during the rally. That divergence suggested many participants used the move to trim positions or take profits rather than chase higher prices. AKT still advanced, with buyers absorbing persistent sell-side pressure through the session.

Technical indicators reflected the shift in momentum. The daily MACD produced a bullish crossover as the MACD line turned higher toward the signal line, and histogram bars improved after an extended bearish stretch. Price approached the next resistance level near $0.827, a zone that previously served as a rejection area. A clean break above that level would put the $1.00 mark on the chart in focus, while holding the reclaimed $0.567 support zone was cited as the level required to preserve the bullish structure.

Positioning on Binance underscored the split mood. On June 14, 62.13% of top trader accounts held long positions versus 37.87% short, producing a long-to-short ratio of 1.64. That bias aligned with AKT's breakout from support, while futures takers continued selling aggressively on the other side of the market.