2024

Akash Network

The post <a href="https://coinpedia.org/price-analysis/akash-network-akt-analysis-bulls-continue-to-be-dominant-after-5-breakout/">Akash Network ( AKT ) Analysis, Bulls Continue To Be Dominant After $5 Breakout.</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
<a href="https://markets.coinpedia.org/akash-network/" target="_blank" rel="noreferrer noopener">Akash network</a> ( AKT) is today on the top gainers list with a 24-hour surge of 15.23% and a weekly uptick of an impressive $35.84%. AKT has been resilient to bears throughout 2024 and ascended from $2.45 to the current $5.69. Meanwhile, the yearly growth of the coin is 2350%.&nbsp; 
Yesterday on 9th May, the price reclaimed the $5 position and triggered the much-required resistance breakthrough. Despite the short setbacks from $5.7, the bulls remain dominant and will remain so.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="465" src="https://image.coinpedia.org/wp-content/uploads/2024/05/10131901/Akash-network-1024x465.png" alt="" class="wp-image-300442" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/10131901/Akash-network-1024x465.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/10131901/Akash-network-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/10131901/Akash-network-768x349.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/10131901/Akash-network-1536x698.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/10131901/Akash-network-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/05/10131901/Akash-network.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
The 1-hour AKT/USDT Chart plots bullish signals, handmade for both trend and swing traders.&nbsp; 
The upward channels are usually followed by a breakout unless supported by a relatively high ADX ( Average direction index) and RSI is slightly above the overbought condition.&nbsp; 
AKT price from here will continue the same set of upward candles and then settle for a sideway walk as the RSI will create a room under the trend line.&nbsp; 
The trend is eventually trying to plant some new support levels as we can find a strong one deep down at $4,2. Should the selling pressure increase, the price might rest at these new support levels.&nbsp; 
<ul> 
 <li>Trade Setup: Enter now, and stop the loss $6&nbsp;</li> 
 <li>Trend: Overall Bullish</li> 
</ul> 
<h2 class="wp-block-heading" id="h-akash-network-akt-price-prediction">Akash Network AKT Price Prediction</h2> 
With the ongoing major developments, storing technical and increasing traders’ attention there doesn’t seem to be any corrective pullbacks. &nbsp; With no signs of abating, the upward trajectory continues to hit the only resistance at $7.2 to hit a new all-time high. But the entry to the $6 mark and sideways trading between $6 and $7 looks prominent.&nbsp; 
Traders can enter the positions now and keep a watch at the $5.2 mark, any correction from may retract the price to lower support levels.&nbsp; 
Also Check Out : <a href="https://coinpedia.org/news/top-five-altcoins-with-50x-potential-to-stack-right-now/">Top Five Altcoins With 50X Potential to Stack Right Now</a>

Akash Network ( AKT ) Analysis, Bulls Continue To Be Dominant After $5 Breakout.

Table of Contents

CoinPedia News

Other articles published on May 10, 2024

What Does Technical Analysis Say About Dogecoin And Shiba Inu?

Rev Up Your Engines for CardanoRacers.com: Join the Free Roll Race for a Shot at Winning ADA!

PEPE to hit new ATH? YES, but only if these conditions are met…

Tether Expands Into Eastern Europe With A New Investment In CityPay.io

Roger Ver Arrested In Spain, Charged With $48M Tax Fraud

BlockDAG Coin’s Leap: Dev Release 25 Ignites 600% Price Surge, Propelling Crypto Evolution with A...

Join our free newsletter for daily crypto updates!