FxWirePro- AKTUSD (Chart of the day)

Akash is the world's first and only Super cloud for serverless computing, enabling anyone with a computer to become a cloud provider by offering their unused compute cycles in a safe and frictionless marketplace. Akash is a layer 1 protocol built using Cosmos SDK that uses Proof-of-Stake consensus to secure its network of decentralized validators.

Reward-

Stakers are rewarded proportional to the number of tokens staked, the length of lockup time, and the overall tokens staked in the system.

Reserve- Fees on Akash can be settled using a multitude of currencies along with AKT.

AKTUSD showed a massive rally after a major correction.

Any daily close above $6.50 confirms further bullishness.

AKTUSD gained nearly 25% in the past two days. 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 $3.28 and is currently trading around $3.266.

The bullish invalidation can happen if the pair closes below $2.50. On the lower side, the near-term support is $2.50.Any close below targets $2/$1.495.

The pair's near-term resistance is around $3.42. Any breach above confirms minor bullishness. A jump to $4/$4.36/$5 is possible. A surge past $5 will take it to $6.50.

It is good to buy on dips around $3 with SL around $2.50 for TP of $6.50.

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