Akash Network (AKT) is currently trading at $1.31, showing a notable 10.01% increase over the past 24 hours. The price has oscillated between a daily high of $1.32 and a low of $1.19, indicating strong intraday volatility, but the daily range remains relatively tight at 0.13%.

The volume of trading stands at 17,830,046, which constitutes 5.51% of the market cap, suggesting a healthy level of trading activity. The short-term moving averages reflect a bullish trend, with the 8 SMA and 13 SMA both at $1.26, showing gains of 3.87% and 3.90%, respectively, while longer-term averages indicate strengthening momentum.

The 1-hour RSI is at 81, signaling an overbought condition, while the 7-day RSI at 61 indicates that the asset is still within a healthy bullish phase. Furthermore, the 7-day price change of approximately 23% demonstrates a strong upward trend, although the 30-day change shows a decline of about 7.77%, indicating some volatility in the longer term.

Despite the positive momentum, the price is significantly below its all-time high of $8.07 reached in April 2021, suggesting substantial room for growth. Given the current bullish indicators, including short-term moving averages and positive recent performance, the outlook appears favorable for traders looking for upside potential.

Overall, the combination of strong short-term momentum and healthy trading volume suggests that AKT is positioned for further gains in the near term. Therefore, I recommend a Buy rating for Akash Network (AKT) based on the present technical strength and positive price action.