Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Akash Network drops 12% as selling pressure mounts and trading volume falls sharply.

Technical Signals
16 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Akash Network (AKT) saw a 12% price drop and a 32% decline in trading volume amid heavy selling pressure after a rapid rally toward $0.90. Market cap fell over 13% to around $204 million, reflecting weakening investor confidence. Despite persistent outflows indicating cautious investor behavior, sellers dominated below the key $0.906 resistance, pushing AKT toward the $0.595 support level. Long liquidations surged as traders reduced bullish bets, signaling potential further downside if support fails to hold.

More News

Parabilis prices upsized IPO at $20 per share, raising $670M plus $75M private placement from Regeneron.

Parabilis prices upsized IPO at $20 per share, raising $670M plus $75M private placement from Regeneron.

Parabilis Medicines, a clinical-stage biopharmaceutical company, announced the pricing of its upsized initial public offering (IPO) of 33.5 million shares at $20 each, expected to raise approximately $670 million. Additionally, Parabilis agreed to a ...

Company Fundamentals
Bullish
1 hour ago
Halper Sadeh LLC probes fairness of deals for NUVL, SUNE, OGN, TMHC shareholders amid major sales and mergers.

Halper Sadeh LLC probes fairness of deals for NUVL, SUNE, OGN, TMHC shareholders amid major sales and mergers.

Halper Sadeh LLC is investigating whether shareholders of Nuvalent, SUNation Energy, Organon & Co., and Taylor Morrison Home Corporation are receiving fair treatment in their companies' recent sales or mergers. The law firm highlights potential confl...

Market News
Bearish
1 hour ago
Inno Holdings stock halted after a 3,600% surge amid scrutiny over its business and recent deal.

Inno Holdings stock halted after a 3,600% surge amid scrutiny over its business and recent deal.

Inno Holdings (INHD) stock was halted by Nasdaq after soaring over 3,600% in one session, rising from about $1.01 to above $66. The surge followed a $3 million contract with a Hong Kong AI firm, which is small compared to typical mid-cap expenses. Th...

Market News
Bearish
1 hour ago
Metamucil launches digital series promoting fibermaxxing trend for better health

Metamucil launches digital series promoting fibermaxxing trend for better health

Metamucil has introduced "Metamucil Mic Grab," a new digital content series hosted by registered dietitian Amy Shapiro, featuring 90s icons Lance Bass and Danielle Fishel. The series aims to educate viewers on the fibermaxxing trend, which encourages...

Market News
Bullish
2 hours ago
U.S. launches retaliatory strikes on Iran; defense stocks surge, IDEF ETF jumps 10%.

U.S. launches retaliatory strikes on Iran; defense stocks surge, IDEF ETF jumps 10%.

The U.S. military conducted retaliatory strikes against Iran following the downing of an American Apache helicopter. The strikes, described by U.S. Central Command as a proportional response to Iranian aggression, were announced on social media. Defe...

Market News
Bullish
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App