AKT Price Correction: Positive Sentiment Prevails as Development Activity Increases
Despite the recent correction in price, the sentiment around AKT remained positive as development activity increased. The token belonging to Akash Network experienced a significant drop in price after a surge of over 50% following its listing on the South Korean exchange Upbit.
At press time, AKT was trading at $4.82, down 5.05% in the last 24 hours. Technical indicators like CMF and RSI suggested a decline in money flow and buying momentum for AKT. However, a bullish flag pattern and increased social media activity indicated potential for a price resurgence in the future.
The growing number of core developers and code commits on the Akash network showcased consistent development efforts. These developments could lead to faster upgrades and updates, ultimately impacting the sentiment and price action around the token.
Overall, while AKT witnessed a correction in its price, the positive sentiment and development activity suggest potential for future growth and price appreciation.
