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Latest AKITA-BSC (AKITA) Price Analysis

By CMC AI
24 June 2025 03:42PM (UTC+0)
See AKITA Price Chart

TLDR

AKITA-BSC’s 48% 24-hour drop reflects panic selling after its May 2025 delisting from Gate.io’s Pilot Market, amplified by overbought technicals and low liquidity.

  1. Delisting fallout – Gate.io removed AKITA from trading on May 9, eroding liquidity and confidence.

  2. Overbought correction – RSI hit 92.63 (7-day) before the crash, signaling extreme overextension.

  3. Volume spike – 24-hour trading volume surged 184% to $1.1M, confirming sell-side pressure.

Deep Dive

1. Primary catalyst

Gate.io’s May 9 delisting of AKITA-BSC (Gate.io announcement) removed a key exchange listing, forcing holders to sell or transfer assets. While the event occurred over a month ago, low-cap tokens like AKITA (self-reported market cap: $99.8K) often see delayed sell-offs as liquidity gradually dries up.

2. Technical context

  • RSI divergence: The 7-day RSI hit 92.63 on June 23, far above the 70 “overbought” threshold, signaling unsustainable momentum.
  • Volume confirmation: The 24-hour volume spike to $1.1M (vs. typical ~$390K) validated the sell-off.
  • Post-rally vacuum: AKITA had rallied 54% in the prior 7 days, creating profit-taking incentives.

3. Market dynamics

The drop was coin-specific – the broader crypto market rose 5.35% in the same period. AKITA’s low liquidity (turnover ratio 11.11) and concentrated holdings (top 10 wallets control 13.5% of supply) magnified volatility.

Conclusion

AKITA’s plunge combines residual delisting impacts, technical exhaustion, and thin markets. With Bitcoin dominance at 64.4% signaling risk-off conditions, does AKITA’s meme-driven profile leave it vulnerable to further de-risking?

CMC AI can make mistakes. Not financial advice.
AKITA
AKITA-BSCAKITA
|
$0.0004117

5.08% (1d)

See AKITA Price Chart
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