Akash Network

Artificial Intelligence

The post <a href="https://coinpedia.org/price-analysis/ai-tokens-regains-momentum-akt-price-to-reclaim-3-this-week/" rel="noopener noreferrer nofollow">AI Tokens Regains Momentum! AKT Price To Reclaim $3 This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Artificial Intelligence tokens continue to gain significant value in their respective portfolios, indicating a rising interest of investors in them. Further, the AKT price has added over 12.5% during the early trading hours today, making it the top gainer of the day.
The AKT price concluded the year 2023 on a neutral trend by trading in a consolidated range between $2.230 and $2.5421 for the last two weeks of the month. As the market volatility grew, the AI sector gained significant momentum, resulting in the Akash Network price jumping by over 35% within the next two days.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/VWXncVBE8Lr6LT1oo5mOzmA8BGOxS3Dl24_NeoK50Se9G5pOysiuN1ZjtU6OJHC2akB0HV9OL_ZiYK_Wavu1ZQVu1KQsTWuMj1Rt7jcoFgZoSa4LpxjsgE-x8bn48lUZ2phhRI_ESoxHv9-ywNWrXTE" alt="AKT Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: AKT/USDT
 </figcaption>
</figure>
Following this, the price faced a minor retest at its support level of $2.7598. The bulls then regained momentum and recorded another jump of 18.5% in valuation. After this, the Akash Network token traded sideways in a closed range between $3.0205 and $3.2775 for a while.
After multiple attempts to break out of the range, the bulls lost momentum and recorded a correction of 16%. Following this, the AKT token price traded in a consolidated range between $2.7598 and $3.0205, indicating a cool-off in the price action.
The price experienced a strong bearish move resulting in it losing over 18% within the next few days. The Akash Network token tested its important support level of $2.3758, following which the bulls regained power and jumped over 12% within the last 24 hours.
<h2 class="wp-block-heading" id="h-will-akt-price-increase">Will AKT Price Increase?</h2>
The technical indicator, MACD, displays a rising green histogram, highlighting an increased buying-over-selling pressure in the market. Moreover, the averages show a bullish convergence, suggesting the price will continue to gain value in the coming time.
If the market pushes the price above the resistance level of $2.7598, the AKT price will test its upper resistance level of $3.0205 soon. Further, if the bulls hold the price at that level, Akash Network will prepare to test its resistance level of $3.2775 over the weekend.
Negatively, if a trend reversal occurs, the AKT token will lose momentum and fall to test its support level of $2.3758 by the weekend. Moreover, if the bears continue to hold power over the bulls, it will further plunge and prepare to test its crucial support level of $2.2350 during the coming days.

AI Tokens Regains Momentum! AKT Price To Reclaim $3 This Week?

Table of Contents

CoinPedia News

Alte articole publicate pe 24 ian. 2024

OKB flash crash wipes millions in minutes, here’s what happened

BlackRock’s Bitcoin exchange-traded fund (ETF) achieves a remarkable milestone, amassing $1 billi...

Charting DOT’s path as Polkadot falls behind Cardano

Noble Teams Up with Hashnote to Launch Tokenized Securities on Cosmos

Bitcoin Cash and Cosmos holders closely tracking Kelexo

The Doomsday Clock Update: A Focus on Artificial Intelligence

Join our free newsletter for daily crypto updates!