Based

bullish

Akash Network

Bitcoin

Helium

The post <a href="https://coinpedia.org/price-analysis/will-helium-and-akash-network-altcoins-give-a-breakout-run/" rel="noopener noreferrer nofollow">Will Helium and Akash Network Altcoins Give A Breakout Run?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the broader market recovery takes a slow approach due to increased volatility, altcoins take a conservative approach. With Bitcoin under $59K, the altcoins market is cautiously moving forward.
Amidst such conditions, Helium and Akash Network lead the bullish way ahead with increasing chances of a breakout run. So, let’s take a closer look at the price charts of both the altcoins and determine the breakout run chances.&nbsp;
<h2 class="wp-block-heading" id="h-top-altcoins-to-watch-helium-hnt">Top Altcoins To Watch: Helium (HNT)</h2>
With a trendline breakout in the daily chart, Helium shows a trend reversal rally gaining momentum. The HNT price has increased by 118% in the last 36 days from the low of $3.046. Further, the growing bullish influence leads to a positive crossover in the 50D and 200D EMA, resulting in a golden cross.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeInECzD8YJ5YDX3FLmnd70Pq0pjoaX6tOYK6OSiUwYwWP9x42VyWVRPQ8rwZbAQ329bwZncb3m5_PsRiowpZ9JfOfzxqhmZdf-VuN8BbamkTputoMEZwWPo2N7WJTJDCtVeEVqXL1QNibAfKsJ8xU_TbVx?key=NIrrqF7tdUouP8ClzYaJtg" alt="">
</figure>
<a href="https://www.tradingview.com/x/PvvpJ4Ak/" rel="noopener noreferrer nofollow">Tradingview</a>
Based on the Fibonacci levels, the HNT price has surpassed the 50% Fibonacci level at $6.45. Currently, the Solana killer trades at $6.593 and an intraday pullback of 5.39%.&nbsp;
The MACD and signal lines give a bullish crossover, supporting the uptrend chances. A bullish breakout of the 61.80% Fibonacci level at $7.30 will result in a price jump to $10. Optimistically, a longer-term target for the altcoin will be the 1.618 Fibonacci level at $14.49.
<h2 class="wp-block-heading" id="h-akash-network-akt">Akash Network (AKT)</h2>
Similar to Helium, the Akash Network shows a solid overhead trendline in action. However, with the presence of a declining support trendline, the AKT price action forms a falling wedge pattern.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXduzszd8KaaPhLE3zGhjGofKHMVbqiopJajnyHTDIMuwRj9cSBv7POwKWyJS3jI7Np3p_PuUy4CTwRVyagefaMYtALj4ZIAMAacpXxrBvmHilCuIrPWmz6DuANBmfx5hN8Yb67JaHjJvHUbW0ioM0m99yHU?key=NIrrqF7tdUouP8ClzYaJtg" alt="">
</figure>
<a href="https://www.tradingview.com/x/uAFICA7v/" rel="noopener noreferrer nofollow">Tradingview</a>
The downtrend in the bearish wedge drops the AKT price to the $2 psychological mark. However, a quick reversal leading to the ongoing bull cycle tests the overhead trendline, teasing a bullish breakout.&nbsp;
As per the Fibonacci levels, the falling wedge breakout run could fuel the uptrend in the altcoin to reach the $4.14 mark. Optimistically, with a broader market recovery, AKT price could reach the 78.60% Fibonacci level at the $5.38 mark

Will Helium and Akash Network Altcoins Give A Breakout Run?

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