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Akash Network [$AKT] rallied 25.33% over the past 24 hours and reached $0.7762, while trading volume surged 261.04% to $18 million. The sharp increase in participation showed that traders returned aggressively after weeks of choppy price action.
Earlier in June, $AKT struggled to maintain bullish traction as sellers controlled the trend.
However, buyers reclaimed control and pushed the token away from the key demand region near $0.56.
Rising volume supported the move, which suggested genuine market interest rather than a short-lived spike.
As a result, $AKT entered one of its strongest daily advances in recent weeks and regained attention across the broader altcoin market.
Why are futures sellers still active?
Despite the powerful recovery, futures order flow painted a different picture beneath the surface.
Futures Taker CVD remained seller-dominant, indicating that aggressive sell orders continued outweighing market buys.
This divergence suggested that many participants used the rally to reduce exposure or secure profits rather than chase higher prices.
Although $AKT advanced sharply, derivatives traders did not fully embrace the move.
Such conditions often create uncertainty because price appreciation occurs while sell-side pressure persists.
Even so, buyers absorbed that pressure effectively throughout the session. That resilience strengthened the bullish narrative in the short term.
Nevertheless, persistent seller dominance remained a factor worth monitoring because sustained rallies typically benefit from stronger buy-side participation across futures markets.
Source: CryptoQuant
$AKT retakes support as bulls return
$AKT reclaimed the major support zone around $0.567 and produced one of its strongest rebounds since the early-June decline. The recovery also lifted price above recent consolidation levels, signaling that buyers regained control of the short-term trend.
From a technical perspective, the daily MACD delivered a bullish crossover as the MACD line turned higher toward the signal line.
Histogram bars also improved significantly after an extended bearish phase, highlighting strengthening buying interest.
Price now approached the next resistance level near $0.827, which previously acted as a rejection area.
A successful break above that region could open the path toward the psychological $1.00 level shown on the chart.
However, buyers would need to defend the reclaimed $0.567 support zone to maintain the current bullish structure.
Source: TradingView
Binance traders keep backing the rally
Binance positioning data showed that top traders largely favored the upside despite lingering sell pressure elsewhere.
On June 14, 62.13% of top trader accounts held long positions, while only 37.87% remained short.
The resulting long-to-short ratio stood at 1.64, reflecting a clear bullish bias among experienced participants.
Throughout the recent recovery, traders steadily increased their directional exposure toward higher prices.
The positioning aligned with $AKT’s breakout from support and reinforced expectations of additional gains.
Even though futures takers continued selling aggressively, Binance’s leading traders maintained confidence in the recovery.
Source: CoinGlass
Final Summary
- $AKT reclaimed key support as volume surged and bullish signals strengthened.
- Binance traders stayed heavily long despite continued seller-dominant futures activity.
