Akash Network [AKT] surged 12.59% in 24 hours, with spot trading volume rising 240.15% to $11.11 million and market capitalization expanding to $153.97 million. Derivatives trading volume jumped 313.68% to $16.28 million while Open Interest increased 20.24% to $9.56 million, indicating fresh capital commitment rather than mere repositioning. AKT broke above its descending channel after reclaiming the $0.52 level, but faces immediate resistance at $0.55 and major resistance at $0.6755. Long liquidations totaling approximately $25.19K compared to short liquidations of only $10.78K revealed the vulnerability of aggressive bullish traders to volatility.
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