According to reports from AMBCrypto, Akash Network [AKT] experienced a significant 14.12% pump as token rotation across the AI sector accelerated. The rally was accompanied by substantial trading activity, with AKT's trading volume expanding 189.6% over 24 hours to $21.9 million at the time of press. This rapid increase in turnover suggested that market participation followed the price rally rather than remaining subdued, indicating strong investor interest in the decentralized AI infrastructure token.
As reported by AMBCrypto, the rally was supported by significant whale participation as larger orders entered the market during the AI-sector rotation. According to CryptoQuant, the Spot Average Order Size metric printed Big Whale Orders, indicating that larger market participants increased their exposure during the wider AI-sector rotation. Additionally, the Spot Taker CVD indicator remained Taker Buy Dominant, suggesting that aggressive buyers crossed the spread more frequently than sellers, providing another layer of support for the price advance.
According to AMBCrypto, AKT successfully broke its multiweek range after breaking the $0.5968 boundary, ending a consolidation structure that had developed above the $0.4835 level. The buyers then drove AKT towards $0.6837, although the rally briefly stretched to the $0.6870 level before retreating, but remained comfortably above the former range ceiling. The RSI indicator rose to 65.86 with its average remaining lower at 53.27, suggesting stronger buying pressure behind the momentum, while remaining below the 70-overbought threshold.
As reported by AMBCrypto, AKT's 24-hour Binance Liquidation Heatmap showed considerable liquidation liquidity clusters above the prevailing price, particularly around the $0.69 to $0.70 region. These overhead liquidity concentrations also sat directly above the $0.6837 resistance level, which could provide additional catalyst for price continuation. An attempt through the $0.6837 resistance could force short liquidations around the nearby liquidity cluster, potentially adding market buying and accelerating price upside continuation.
![Lighter [LIT] Surges 18% on Circle Arc Integration, Whale Buying](/_next/image?url=https%3A%2F%2Fimages.askfuzz.ai%2Farticle_images%2Flighter-lit-surges-18-on-circle-arc-integration-whale-buying.webp&w=3840&q=75)
