Is Aki Network (AKI) Heading the Wrong Direction Thursday?

Thursday, March 28, 2024 06:34 AM | InvestorsObserver Analysts

InvestorsObserver gives Aki Network a strong short-term technical score of 74 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. AKI has currently traded better than 74% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Aki Network a 74 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Aki Network!

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Trading Analysis

Aki Network is $0.013514 (72.90%) above its 30-day low of $0.018537819 while -$0.004506 (-12.33%) below its 30-day high of $0.03655825. In addition, AKI's current price of $0.032051831 is above its 30-day moving average price of $0.022166324, leading to a strong short-term technical score. Overall the recent trading history of Aki Network suggest that investors are bullish on the token at the moment. AKI has a low market cap compared to the majority of tokens with a total market value of $2,714,058.42. Aki Network's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Aki Network's average volume is low as $15,895,235.31 worth of the token is typically traded over a 24 hour period. AKI's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours AKI's volume is below its average with $1,856,952.68 exchanged.

Summary

Aki Network's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Aki Network (AKI).