Akash Network (AKTUSDT), a favorite among many crypto enthusiasts, has been on a tear since September 2023. The coin has surged a staggering 700% , exploding from $0.80 to its current price of $4.70.
This bullish trend shows no signs of abating. After a recent dip that reach its support zone of $3.75 on the weekly timeframe, the coin has staged a swift...
Akash Network is an open network that lets users buy and sell computing resources securely and efficiently. Purpose-built for public utility. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized marketplace for cloud computing, offering an unprecedented level of speed, efficiency, and affordability.
Anyway, AKT...
Last time we looked at Akash Network (AKTUSD) was on August 22 2023 (see chart below) and it followed our pull-back buy approach precisely, hitting our 2.8000 Target with ease:
The coin has again started to draw attention as it broke above its 1D MA50 (blue trend-line) for the 2nd time after the bottom on the Higher Lows trend-line of the 1-year Channel Up....
According to some news site, AKT or Akash Network has surged by over 47% today, following the announcement by South Korea's largest exchange, Upbit, to list the token.
Here's my idea for AKT next price action:
- new bottom times 2, so it went past $6 and wicked past $7
- new ATH hence new price discovery next
- taking benefit of doubt, next price target $7.7 to $8.2
Akash Network (AKT) - has been on a parabolic run this year and has performed very well. Price has managed to hit an all-time high of: "$6.50"! Bears currently atm have driven the price down past support at $4.90 which put's AKT at a major risk if the price continues to plummet past bellow: $3.35 zone.
🟢Line of Support Zone= $3.35 - $3.66
🔴Line of Resistance=...
We are entering the age of AI. According to MIT, "Interactive massively parallel computations are critical for machine learning and data analysis" (A).
The world is becoming more centralized than ever. Companies with the largest amount of resources will be able to afford the largest amount of computation. According to MIT, "the computing power needed to train AI...
📉 Market Resilience:
Despite yesterday's market turbulence, AKT remains robust, surging to new All-Time Highs.
🔄 Historical Retracement Trend:
Previous retracements have consistently held above the Ma-200, showcasing strength and sustained momentum.
💪 Current Support and Market Cap:
Strong support at $3.00.
Market cap at $715 million, consistently rising since...
About Akash Network
Akash Network is a Supercloud spearheading a paradigm shift in cloud computing, disrupting conventional cloud services, and pioneering a revolution in access to essential cloud resources. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized, marketplace for cloud computing, offering an...
Akash Network just made a big correction coming down from a high of $1.72 and went as low as $0.85.
Now is the time to pay attention for AKT will most likely make a big rally from here.
Not financial advice.
The Akash Network (AKTUSD) has been trading within a Channel Up pattern since the February High and the current consolidation and struggle to break above its Higher Highs trend-line, prompts us to consider this as a higher probability of being a top.
In addition, the 1W RSI (chart on the right), is vastly overbought above 80.00, hence more likely to need a...
