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?

Indice dei contenuti

Thecoinrepublic.com

Altri articoli pubblicati su 10 mag 2024

Binance Receives Regulatory Approval to Operate in India, Joins KuCoin as Second Offshore Crypto ...

Coinbase Wallet Expands To Philippines, Vietnam, Indonesia With TransFi

Will Akash Network (AKT) Surpass its April High with 26% Surge?

Cardano Founder Charles Hoskinson Says Voting For Biden Is A 'Vote Against American Crypto Industry'

Ethereum Futures ETF Still Shows Positive Signs Despite SEC Conflict

‘Nvidia of crypto’ rockets 40% in a week, adding over $1 billion

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!