Akash Network

Momentum

<ul class="list-ic vertical">
 <li><span>1</span> <a>The AKT price saw a sharp surge over 25% intraday.</a></li>
 <li><span>2</span> <a>Buyers have gained traction and are eyeing to breach the $7 mark.</a></li>
</ul>
<p>The <strong>Akash Network (AKT)</strong> token witnessed a sharp uptick over 25% and noted massive buying momentum in the intraday session. The <strong>AKT token</strong> has escaped the $5 mark and is ready to explode ahead.</p>
<p>This week, the <strong>AKT token</strong> has registered a symmetrical triangle breakout and reverted from the $4 mark. Moreover, a bullish crossover was noted, implying outperformance on the charts.</p>
<p>At press time, the <strong>Akash Network token (AKT) price</strong> traded at $6.14 with an intraday surge of 26.10%, reflecting sharp buying momentum on the charts. It has a monthly return ratio of 45.39% and 2356.38% yearly, hinting at the long term bullish trend.</p>
<p>The pair of AKT/BTC is at 0.00000953 BTC, and the market cap is $244.12 Million. Analysts are bullish and suggest that the <a href="https://www.thecoinrepublic.com/2024/01/04/akt-price-prediction-akt-gains-strength-willing-to-reach-3/" target="_blank" rel="noopener noreferrer nofollow"><strong>AKT price</strong> </a>may continue to ride on the bullish track and will reach the $7 mark soon.</p>
<h2 class="wp-block-heading" id="strong-can-akash-network-akt-make-new-ath-this-month-strong"><strong>Can Akash Network (AKT) Make New ATH This Month?</strong></h2>
<p>On the daily chart, the token has crossed the trendline hurdle of $5 and registered a breakout this week. Moreover, the token is poised for an rise and may stretch the gains toward the $7 mark soon.</p> 
<p><a href="https://www.tradingview.com/chart/AKTUSDT/Hsl9m0T7-AKT-price/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/u/TheCoinRepublic/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p class="has-text-align-center">Source: TradingView</p>
<p>Followed by the price surge, the trading volume highlighted notable buying activity. The intraday trading volume witnessed an impressive surge over 33.28% to $295.34 Million, replicating strong investor interest.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-weighted-sentiment-looks-positive-strong"><strong>Price Volatility &amp; Weighted Sentiment Looks Positive&nbsp;</strong></h3>
<p>This week, the price volatility witnessed a sharp spike and rolled over 87% to the 0.064 mark, highlighting sharp speculations.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (AKT), Weighted sentiment (Total) (AKT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=akash-network&amp;pt=AKT&amp;df=2024-01-22T00%3A00%3A00.000Z&amp;dt=2024-05-10T18%3A29%3A59.051Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Going forward, the weighted sentiment data stayed above the midline, noted at 0.464 and is looking positive on the charts.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-surge-in-popularity-strong"><strong>Surge In Popularity</strong></h3>
<p>The<strong> Akash Network (AKT)</strong> is getting popular among investors, which is replicated by the social dominance data on the charts.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (AKT), Development Activity (AKT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=akash-network&amp;pt=AKT&amp;df=2024-01-22T00%3A00%3A00.000Z&amp;dt=2024-05-10T18%3A29%3A59.051Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bdev_activity&amp;wax=0&amp;wc=%23FF5B5B%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>The social dominance data noted a notable rise of over 65% and spiked to 0.131%, highlighting a positive outlook</p>
<p>The Momentum Indicator (Relative Strength Index) looks strong positive, and the curve stays in the overbought zone, replicating a bullish crossover on the charts.</p>
<p>Per the Fibonacci retracement levels, the AKT price has crossed the 50% zone and is close to the 61.8% region. The immediate support levels for the Akash Network (AKT)is $5.70 and $5.30 whereas the key upside hurdle is around $6.30, followed by $7.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The Akash Network token (AKT) price signifies strong bullish momentum and is highlighting the uptrend. Moreover, the token trades in the bullish trajectory and is ready to explode gains ahead.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

AKT Price Prediction: Bull Run Triggered, $7 Mark On The Cards?

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Thecoinrepublic.com

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