Bakkt stock posts upward move as immediate resistance looms at $4.35

Traders Union
All News
Stocks
Bakkt gains 2.9% today at $4.28

Highlights

Bakkt reported third-quarter 2026 revenue of $149.2 million, a 62.9% decline from the prior year.
Net income reached $14.3 million due to a $26.8 million non-cash gain, with operating expenses down 40% year over year.
Shares of Bakkt trade below major moving averages with bearish momentum signals and forecast a range of $3.91 to $4.65, showing high probability of further downside.

Revenue drop and cost cuts shape Bakkt’s shift toward profitability

Bakkt reported third-quarter 2026 revenue of $149.2 million, representing a steep 62.9% decline over the prior year, according to Tokenpost. While headline net income came in at $14.3 million on the back of a $26.8 million non-cash gain, the results underline pressure on the company’s top-line growth. Transaction volume for the quarter totaled $147.9 million, with $557.9 million reached year-to-date, reflecting the pace of Bakkt’s business activity. Cost reductions have been significant, as Gurufocus notes a 40% year-over-year decrease in operating expenses and the completion of a foundational transformation, positioning Bakkt to emphasize monetization and profitability going forward.

Bearish momentum persists as resistance holds amid oversold signals

BKKT/USD is currently below the MA-20 ($4.4), MA-50 ($4.47), and well under the MA-200 ($8.42) on the hourly timeframe. The Ichimoku Kijun level at $4.35 is providing immediate resistance. Momentum indicators reinforce bearish pressures, as both MACD and ADX signal a sell bias. RSI and CCI remain neutral, while Stochastic RSI sits in the oversold zone, which could indicate risk of a short-term rebound or selling exhaustion. Bull/Bear Power is at –0.07, confirming intraday seller dominance, with the Awesome Oscillator also supporting the current trend.

Downside risk dominates as volatility narrows price outlook

Over the next several trading days, the expected price range for BKKT is $3.91 to $4.65, which reflects the asset’s recent volatility band relative to current levels. Probability for a further move down is very high (over 80%), with any upside limited to a less than 20% chance unless the price can break decisively above the $4.35 resistance level. If support at $3.91 is breached, a deeper decline is likely, while a bullish turn would require sustaining prices beyond immediate resistance. The baseline scenario suggests sideways price action within the defined range.

Anton Kharitonov, expert at Traders Union, believes Bakkt’s sharp revenue contraction and persistent technical weakness keep the outlook defensive. He sees cost cuts and strategic shifts as positive, but sentiment remains fragile given the pronounced decline in business activity. Until price clears resistance at $4.35, risks are skewed to the downside. "Base case remains sideways or lower, unless bulls reclaim $4.35 with conviction."

Earlier, analysts noted that Bakkt faced renewed uncertainty amid weak revenue, key client losses, and an overextended short-term rally, with technicals suggesting a precarious outlook. The latest price action and updated technical signals in the current article reinforce the downside scenario, making the $3.91 support level a critical threshold for traders monitoring near-term risk.

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.