AKTUSD (Chart of the day)

Akash is an open network that lets users buy and sell computing resources securely and efficiently

The Akash Network comprises key components: Akash Providers, managing infrastructure and Kubernetes clusters;

Akash Network, a versatile platform similar to Airbnb for data centers, offers cost-efficiency, choice, standardized resources, open-source principles, and community involvement;

Akash Tenants, deploying apps as Docker containers, benefiting from decentralized deployment.

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 many currencies, including AKT.

AKTUSD showed a minor pullback after a major correction.

Any daily close above $4 confirms further bullishness.

AKTUSD gained more than 10% today after a massive sell-off. The pair holds above the short-term (21 and 55 EMA) and below long-term moving average in the hourly chart. It hit a high of $3.125 and is currently trading around $2.99.

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 $2.80 with SL around $2.50 for TP of $4.

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