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FxWirePro- AKTUSD (Chart of the day)

Wed, 24 Apr 2024, 00:33 am UTC

Akash is a decentralized and open-source cloud computing platform. It uses a Delegated Proof-of-Stake mechanism to achieve consensus.

ASTRUSD showed a massive rally after a minor correction.

Any daily close above $6.50 confirms further bullishness.

AKTUSD gained more than 45% today after listing in Upbit. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $6.85 and is currently trading around $6.12.

The bullish invalidation can happen if the pair closes below $3. On the lower side, the near-term support is $5.80.Any close below targets $5/$4.45/$3.30/$2.651.490.

The pair's near-term resistance is around $6.50. Any breach above confirms minor bullishness. A jump to $7/$8 is possible. A surge past $8 will take it to $10.

It is good to buy on dips around $5 with SL around $3 for TP of $10.

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