Akash Network

The post <a href="https://coinpedia.org/price-analysis/akt-price-jumps-25-exceeds-5-with-buyers-aiming-10/" rel="noopener noreferrer nofollow">AKT Price Jumps 25%, Exceeds $5 With Buyers Aiming $10&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As buyers gain momentum, altcoins like AKT are making a comeback with a massive overnight price jump of 25%. With this sharp jump, the Akast Network token shows a positive trend and projects a potential surge to double digits.&nbsp;
The broader market recovery and the highly anticipated altcoin season post-halving could fuel the bull run in Akash. With immense potential for massive returns, let’s find out if the AKT token price will continue its rally.&nbsp;
<h2 class="wp-block-heading" id="h-will-akt-price-reach-10">Will AKT Price Reach $10?</h2>
Despite the recent drop under the long-coming support trendline, the AKT price sustains dominance above the 200D EMA. As the altcoin price action reflects an underthrow to resurface above the trendline, it witnesses a boost in bullish momentum.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeFoQ71RgFpIqwBpkmlnc3Y5Evrz0pozcc3AGrJEK642l0WkUHXG-kM1WBQek6UgJmaWtXI1216m8H66_ObxkENXfBIuSmSDu3Wc5EB4fC5Kgyb6KK8vXVIR05motSs4xSqUHbEkdOY19cbOsfSfviWCgY?key=e3sAbCIVi5C0FH_cKDcW9g" alt="">
</figure>
<a href="https://www.tradingview.com/x/mOd1PzjT/" rel="noopener noreferrer nofollow">TradingView</a>
With an additional boost, the AKT price forms a massive bullish engulfing candle of 25% and reclaims the $5 mark. Starting a new positive cycle in the uptrend, the Akash Network token continues to maintain an uptrend.&nbsp;
Currently, the altcoin trades at $5.1022 with a minimal intraday move, reflecting an exhaustion post-surge. Nevertheless, the sharp increase overnight sets a bullish tone in the daily chart.&nbsp;
Technical indicators:
EMA: As the AKT price exceeds 50D EMA, the looming threat of a death cross fades away.&nbsp;
MACD: The bullish crossover in the MACD and signal lines experience increased momentum.&nbsp;Hence, the MACD indicator supports the possibility of a bull run in Akash Network.
<h2 class="wp-block-heading" id="h-will-buyers-beat-6-resistance">Will Buyers Beat $6 Resistance?</h2>
Considering the bull run sustains the newfound momentum, the AKT price might witness a new all-time high formation. However, the buyers must overcome the 50% trend-based Fibonacci level at $6, a prominent resistance level.&nbsp;
In case of a bullish break, the uptrend could hit the $8.65 mark before ascending to the $10 psychological milestone. On the flip side, a reversal could retest the bullish integrity of the support trendline.&nbsp;

AKT Price Jumps 25%, Exceeds $5 With Buyers Aiming $10

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