Bakkt stock price forecast: $8.32 support in focus as BKKT drops 4.90%

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Bakkt slides 4.90% to $8.44 today

Highlights

Bakkt posted a first-quarter 2026 net loss of $11.7 million as crypto services revenue plunged 77% year-over-year.
The acquisition of Distributed Technologies Research expanded Bakkt's offering with an AI-native payments and stablecoin compliance platform, aiding strategic restructuring and improved liquidity.
BKKT trades under major moving averages with bearish momentum signals, projecting a five-day range of $8.10–$8.80 and a bias toward further downside.

Profitability concerns and weak crypto revenue drive sustained selling pressure

Bakkt Holdings reported a first-quarter 2026 net loss of $11.7 million, or $0.41 per share, reflecting continued challenges in profitability and operational execution. Crypto services revenue fell 77% year-over-year to $243.6 million, as lower trading volumes weighed on the company’s core business line. The completion of Bakkt’s acquisition of Distributed Technologies Research on April 30 added an AI-native payments and stablecoin compliance platform to its offerings, while a strengthened liquidity position and reduced operational costs followed recent strategic restructuring. Despite these developments, price action has remained under broader selling pressure.

Bearish oscillators and weak trend persist as technical barriers hold

BKKT is below several major technical levels, including the MA-20 at $8.96, the MA-50 at $8.75, and the MA-200 at $14.55. The Ichimoku Kijun sits at $8.67, currently acting as immediate resistance. The daily price gap opened to the downside, with intraday volatility present in a $8.32–$8.89 range and the price near today’s low. Momentum indicators are mixed: the MACD on the daily timeframe is bullish, but the ADX is weak and neutral, revealing a lack of trend strength. Oscillators are largely bearish, as the RSI is just below 50 in sell mode, Stoch RSI issues a strong sell, and CCI remains neutral. BBP registers as overbought, but with only a modest buyer bias, and the Awesome Oscillator offers a mild buy signal, supporting the potential for short-term rebounds.

Limited upside prospects as volatility and sell signals dominate outlook

Over the next five trading days, the typical volatility band for BKKT is $8.10 to $8.80, with price likely to fluctuate near current levels and frequent tests of support and resistance. The probability of a decisive upside move remains low (below 20%), given sustained weakness in weekly MAs and persistent sell signals across long-term indicators. Should buyers break above the $8.67 resistance, momentum could carry the price toward $8.80 or slightly higher. Conversely, a fall below the $8.32 support may open further downside risk toward the lower end of the current range.

Anton Kharitonov, analyst at Traders Union, sees Bakkt Holdings under meaningful pressure as both technical and fundamental signals remain weak. He notes persistent negative sentiment due to steep losses and collapsing crypto services revenue, despite some positives from cost controls and acquisitions. Resistance at $8.67 and inability to hold key moving averages keep the outlook guarded. "Base case remains defensive — unless BKKT reclaims $8.67 with conviction, I see further downside risk prevailing."

Earlier, analysts noted that Bakkt’s short-term momentum was constrained by persistent operational challenges and overbought technical signals, resulting in a cautious outlook. The current move below key moving averages and the persistence of bearish momentum indicators reinforce the downside bias, making the $8.32 support a pivotal level for traders to monitor in the coming sessions.

Source of Data: BKKT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.