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Akash Network falls 22% in four days after hitting a 90-day high
- Akash Network (AKT) hit a 90-day high of $0.899 on 12 May, then reversed sharply to $0.701 by 16 May — a 22% decline in just four sessions.
- The reversal erases roughly a third of AKT's 30-day gain: the token is still up 38.6% over 30 days (from $0.506 on 16 April), but momentum has clearly stalled.
- The speed of the pullback — averaging more than 5% per day — is unusual for an asset that had been rising steadily for 12 consecutive days before the high.
Supporting datasets
Supporting queries
To surface this insight, Baselight ran 6 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
AKT close 12 May: $0.8988 (90d high). Close 16 May: $0.7014. Decline: −21.9% in 4 days. 30d return (Apr 16 → May 16): +38.6% ($0.5059 → $0.7014). 7d return: −8.1%. Prior edition (14 May) covered the breakout and 12-day streak; this insight covers the subsequent reversal.