Akash is doing a retest of the handle section of it's massive cup and handle pattern on the weekly. It's also coming out of the weekly oversold area on the STOCK RSI indicator. Akash also aligns with the AI narrative, it being a supplier of cloud based GPU services which will be in huge demand in machine learning and other AI based applications. All the signs...
Akash is a decentralized cloud data storage project. They have recently upgraded the cloud node management system. It is now possible for normal everyday non techy people to run their own cloud node per hour. On the chart i've simply pulled the fibonacci retracement tool from the local low and high to show you where the token might find support locally 1Day...
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...
The "orthodox" end of the bear market happened June 2022, notice that this is the date that Ethereum and most major Altcoins hit bottom. Bitcoin went on to hit a lower low in November 2022 vs June '22 as part of an irregular bottom. You can use Nov. or June 2022 as the bear market end/bottom/low, it doesn't matter, what is now fully confirmed is that the bear...
TECHNICAL: The price of AKT is testing the 21 Moving Average in a bearish sentiment. Notice the huge spike in selling volume few days ago (it's a daily chart) From my experience such huge selling volume leads to much deeper falls that can last weeks. The price channel is moving south and currently there is no indication that it will change in the near future....
Akash Network is the world’s first decentralized open-source cloud, providing faster, more efficient, and lower cost application deployments for high-growth industries including DeFi, decentralized organizations and applications, and machine learning/AI. Akash Token (AKT) is the platform’s native utility token, used as the primary means to govern, secure the...