Rally

Satoshi

Akash Network

Resistance

Gains

<p><a href="https://coinmarketcap.com/currencies/akash-network/" target="_blank" rel="noopener noreferrer nofollow">Akash Network’s native token AKT </a>has caught the attention of traders. After a prolonged bearish trend, the digital asset appears to be poised for a potential rebound. Let’s delve into the current state of AKT and explore the factors contributing to its recent price movement.</p>
<p>The past month has been challenging for Akash Network’s token holders, with AKT experiencing a significant downturn. The cryptocurrency saw its value plummet by nearly 50% over the last 30 days, raising concerns among investors. However, recent market activity suggests a possible shift in sentiment.</p>
<h2 class="wp-block-heading" id="technical-analysis-insights">Technical Analysis Insights</h2>
<p>Yesterday’s trading session concluded with a bullish close for AKT, sparking optimism among market participants. This positive price action has led many to speculate that a recovery phase may be imminent.</p>
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<p>Price action revealed a crucial support level for AKT, which the token has successfully held. This level is particularly noteworthy as it coincides with a previous point of recovery. The last time AKT reached this support, AKT demonstrated remarkable resilience, initiating a bullish reversal that resulted in a rally of nearly 100%.</p>
<p>The repetition of this pattern at the current price point has raised expectations of a similar bullish scenario unfolding once again.</p>
<h2 class="wp-block-heading" id="akash-akt-price-prediction">Akash (AKT) Price Prediction</h2>
<p>Adding weight to the bullish outlook, cryptocurrency analyst <a href="https://x.com/ChartMonkeyBTC/status/1801622867735417337" target="_blank" rel="noopener noreferrer nofollow">ChartMonkey (@ChartMonkeyBTC on X) </a>has shared an optimistic perspective on AKT’s future price movement. According to their analysis:</p>
<p><em>“Akash holds strong above the support level and ascending trendline, signaling a bullish trend. Resistance at $6.26 is the next target for this trade.”</em></p>
<p>This projection aligns with the broader technical analysis of AKT’s price chart, further bolstering the case for a potential upward movement.</p>
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<p><em><strong>Read Also: <a href="https://captainaltcoin.com/notcoin-analysts-predict-continued-bullish-rally-for-not-following-key-breakout-share-price-targets/" target="_blank" rel="noopener noreferrer nofollow">Notcoin Analysts Predict Continued Bullish Rally for NOT Following Key Breakout, Share Price Targets</a></strong></em></p>
<p><strong>Current Trading and Potential Gains</strong></p>
<p>As of the latest available data, AKT is trading at $3.46. Should ChartMonkey’s projection materialize and the token reaches the stated resistance level of $6.26, it would represent a substantial gain of approximately 82% from its current price.</p>
<p>The combination of strong support, historical patterns, and expert analysis points towards a potentially significant upside for the digital asset.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-akash-network-akt-crypto-price-pumping-price-action-suggests-major-rally-ahead/" rel="noopener noreferrer nofollow">Why Is Akash Network (AKT) Crypto Pumping? Price Action Suggests Major Rally Ahead</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Akash Network (AKT) Crypto Pumping? Price Action Suggests Major Rally Ahead

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