Bakkt stock outlook: Sustained seller dominance signals risk of fresh lows

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Bakkt slides 5.8% today to $6.09

Highlights

Bakkt is partnering with Thredd to offer credit card-as-a-service in the US with stablecoin transaction settlement.
The new initiative gives Bakkt access to the growing payments market and expands its presence in stablecoin settlement.
Bakkt stock remains in a persistent downtrend, trading below key moving averages, with high volatility and a projected range of $5.73 to $6.45.

Stablecoin settlement ambitions face selling pressure despite new partnership

Bakkt has entered into a partnership with Thredd to launch a credit card-as-a-service program in the United States, a move that will allow transactions to be settled in stablecoins, according to Fintechmagazine. This initiative provides Bakkt with an operational foothold in the expanding payments market, potentially widening its commercial reach and supporting new transaction streams. While the program expands Bakkt's infrastructure into the stablecoin-settlement segment, price action has remained under broader selling pressure.

Bearish signals intensify as momentum indicators flag oversold risks

BKKT is trading below the MA-20 ($6.75) and MA-50 ($7.09) on the hourly chart and remains under the MA-200 ($9.46) on the daily timeframe. The Ichimoku Kijun at $6.8 acts as immediate resistance. Momentum remains weak as MACD and ADX both register Sell signals, while RSI at 20.22, alongside Stochastic RSI and CCI, indicates oversold conditions. Bull/Bear Power highlights seller dominance on intraday action, and the Awesome Oscillator is neutral, not reinforcing the bearish momentum.

Further downside risk as reversal odds remain limited

In the short term, BKKT is expected to trade within the $5.73–$6.45 range, defining the typical volatility band relative to current levels. The probability of an upward reversal is very low, with a high likelihood of continued downside. If price breaks above $6.8, a short-term move higher from impulsive buying could occur. Conversely, a sustained drop below $5.73 would indicate the potential for fresh lows and renewed weakness.

Anton Kharitonov, expert at Traders Union, sees persistent technical weakness in BKKT, with price action staying below all key moving averages and momentum indicators reinforcing seller control. He notes the partnership with Thredd expands Bakkt's payments infrastructure but does not offset the immediate bearish technical picture. Near-term volatility is likely to keep price stuck within the $5.73–$6.45 band unless clear resistance is reclaimed. "Until BKKT decisively breaks above $6.8, I remain cautious and see limited upside potential here."

Earlier, analysts noted that Bakkt shares were exhibiting persistent technical weakness despite new partnership initiatives. The current setup reinforces this bearish outlook, with the primary risk now centered on a potential breakdown below $5.73 that could signal further declines.

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.