AKT has experienced a significant increase of 48% in the last 24 hours, currently trading at $6.03. Its market cap has also surged to $1.4 billion, positioning it as the 65th largest cryptocurrency. This surge is accompanied by a substantial rise in Akash Network’s daily trading volume, which has increased by 1,560% to reach $65 million.
In line with this development, Upbit is set to commence AKT trading support at 10:00 UTC on April 23. An analysis of social activity surrounding AKT shows a noteworthy 200% increase in the past 24 hours, with most activity originating from platforms such as Reddit and Bitcointalk. Additionally, data from Santiment reveals that the AKT Relative Strength Index (RSI) has shifted from 47 to 49.
This data indicates that AKT’s current value reflects a favorable condition — neither overvalued nor undervalued—despite the price surge. It is worth noting that an RSI above 70 would signify an overbought status, potentially leading to heightened price volatility. Conversely, if the RSI remains below the 50 mark, it could indicate a steady bullish momentum for the asset.