TECHNICAL: The price of AKT is testing the 21 Moving Average in a bearish sentiment. Notice the huge spike in selling volume few days ago (it's a daily chart) From my experience such huge selling volume leads to much deeper falls that can last weeks. The price channel is moving south and currently there is no indication that it will change in the near future. Let's revisit this in a few days to see if the 21 MA gets broken to the upside.
FUNDAMENTALS: The AKASH validators have voted to substantially reduce staking rewards to cap token inflation but this may turn sour when current stakers decide to leave and future investors will feel disincentivized to invest. This may add to selling pressure.
It may be worth noting that while AKT is indeed suffering a systemic short and long term sell-off: EVMOS (COSMOS on ETH, EVM) specifically supports AKT and an additional separate airdrop was given to those who participated in LP for AKT and COSMOS/OSMO pairs. NFA just thought I'd share that there is still a positive sentiment among cross-chain devs that are in support of Akash. I'm all for corrections over fundamentals. These guys are a bit ahead of their time and lack conviction from a greater community to adopt their platform for all things computational.