AKT Weekly Analysis

KUCOIN:AKTUSDT   Akash Network / Tether
In the past week, Akash Network has surged to the forefront of the market, claiming the title of the top gainer with an impressive 77.41% increase.

After a notable correction, AKT experienced a sharp decline, finding support within the demand zone spanning from $2.3471 to $3.3737. Subsequently, a bullish accumulation ensued, propelling AKT to achieve a remarkable milestone, surging to a new all-time high of $7.1104. However, encountering formidable resistance within the supply zone ranging from $6.2070 to $7.1104, AKT initiated a correction phase, retracting to current trading price $5.901.

Despite the ongoing correction, both oscillators and moving averages signal a strong buy for AKT across daily and weekly timeframes. Should AKT successfully retest and close above its current all-time high, we may anticipate a further rally in its price.


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