Akash is a decentralized and open-source cloud computing platform. It uses Delegated Proof-of-Stake mechanism to achieve consensus.
ASTRUSD showed a minor pullback after a minor correction.
Any daily close above $5 confirms further bullishness.
AKTUSD gained more than 18% 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 $4.97 and is currently trading around $4.59.
The bullish invalidation can happen if the pair closes below $3.80. On the lower side, the near-term support is $3.80 (200- 4H EMA). Any close below targets $3.30/$2.651.490.
The pair's near-term resistance is around $3.20. Any breach above confirms minor bullishness. A jump to $3.36/$3.69 is possible. A surge past $4 will take it to $5.
It is good to buy on dips around $4 with SL around $3 for TP of $6
