【$AKT Signal】Hold Cash and Wait — Weak Consolidation in a Downtrend

$AKT Presents weak consolidation within a long-term downtrend, with the price suppressed below EMA20 and showing no rebound strength.

🎯 Direction: Hold Cash

Market Analysis: The price remains consistently suppressed by EMA20 (0.3164) on the 4H timeframe, with multiple rebounds failing to break through effectively. The depth imbalance of -24.31% indicates that the ask wall is significantly thicker than the bid wall, suggesting heavy selling pressure above.

Logical Rationale: Despite the price decline, open interest (OI) remains stable, and the funding rate is positive (0.0050%), ruling out a short squeeze or large-scale liquidation by major players. It appears more like a gradual decline after failed bullish resistance.

RSI (44.91) is in a neutral to weak zone, with no signs of oversold rebound momentum. ATR (0.0105) indicates volatility is moderate, but price action shows a pattern of successive lower lows, reflecting a weak structure. Currently, there is no clear support level or buying absorption evidence, so long positions are not justified.

Conditions for shorting are also not met: funding rate is not high, no bearish divergence at the top, and OI has not decreased. Therefore, the best strategy is to stay in cash and observe, waiting for the price to show clear reversal signals at key support levels (such as near the previous low of 0.277) or a volume breakout above EMA20 before reassessing.

Trade here 👇 $AKT

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