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...
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....
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=...
A breakout of this triangle is evident on chart
I expect continuation of this breakout to occur and price to climb higher
I have shown this climb with the bars pattern tool
Im bullish on most of crypto right now.
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...
