AKTUSD Daily Outlook

Akash is an open network that facilitates the secure and efficient buying and selling of computing resources. Purpose-built for public utility, it is fully open-source with an active community of contributors.

The Akash Compute Marketplace is where users lease computing resources from Cloud providers before deploying a Docker container on the Akash Container Platform.

The Akash Container Platform is a deployment platform for hosting and managing containers allowing users to run any Cloud-Native application. 

It is a marketplace that gives you control over the price you pay and the amenities included (we call them attributes).

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 minor pullback after a major correction.

Any daily close above $4 confirms further bullishness.

AKTUSD gained more than 65% today  after a massive sell-off. The pair holds above the short-term (21 and 55 EMA) and below the  long-term moving average in the hourly chart. It hit a high of $2.65 and is currently trading around $2.6648.

The bullish invalidation can happen if the pair closes below $1.50. On the lower side, the near-term support is $2.25.Any close below targets $2/$1.495.

 The pair's near-term resistance is around $3. Any breach above confirms minor bullishness. A jump to $3.40/$3.85/$4/$4.36/$5 is possible. A surge past $5 will take it to $6.50.

It is good to buy on dips around $2.28-30 with SL around $1.50 for TP of $5.