The current price of Akash Network (AKT) is $1.31, reflecting a 24-hour decline of 4.61%. The trading range has been relatively tight, with a 24-hour high of $1.37 and a low of $1.30, indicating limited volatility in recent trading sessions.

Volume stands at approximately 10.68 million, representing 3.01% of the market cap, which suggests moderate trading activity. The moving averages show a bearish trend, with the 8 SMA at $1.32 down by 1.07% and the 144 SMA at $1.31 declining slightly by 0.13%, indicating short-term weakness.

The 1-hour RSI is notably low at 22, suggesting that AKT is heavily oversold in the short term. Conversely, the 7-day RSI is at 47, implying a neutral stance but still vulnerable to further downside pressure given the recent price changes of -12.69% over the last week and -20.74% over the past 30 days.

Given the significant downward momentum over both the short and medium term, as well as the bearish moving averages, the technical indicators favor a cautious approach. Despite the current oversold condition, the overall trend suggests that further price corrections could occur before any recovery.

In conclusion, the data indicates a Sell rating for Akash Network (AKT) at this time. The ongoing bearish trends and declining moving averages signal potential further declines, making it prudent to exit positions until a more favorable technical setup emerges.