Akash Network (AKT) is currently trading at $1.055, reflecting a 24-hour decline of 2.41%. The daily price range shows minimal volatility, with a high of $1.089 and a low of $1.051, suggesting a consolidation phase around this price level.

Volume has reached 5,848,519, corresponding to 2.04% of the market cap, indicating moderate trading activity. The hourly moving averages indicate a bearish sentiment, with all SMAs showing declines, particularly the 144 SMA at $1.15, which is down 8.36%, signaling significant resistance above current prices.

The 1-hour RSI is at 34, suggesting the asset is approaching oversold conditions, while the 7-day RSI at 41 reinforces this sentiment, showing weakening momentum over a week. Over the past 14 and 30 days, AKT has experienced price drops of approximately 17% and 36%, respectively, indicating a sustained bearish trend in the longer term.

Historically, AKT reached an all-time high of $8.07 in April 2021, representing a substantial decline from its current price. The persistent downtrend alongside low RSI values points to potential continued weakness in the short term.

Given the current data and technical indicators, the recommendation is to Hold. The price shows signs of a potential bottom, but without a confirmed reversal pattern or a significant uptick in buying volume, entering new positions is not advisable at this time.