AKT PRiceThe Akash Network (AKT) token price failed to extend the breakout rally beyond the barricades of the supply zone and faced rejection in the past sessions.
AKTUSDT trade ideas
long AKTAkash bounced off the Fibonacci 0.5 level. The bullish trend is expected to continue and reach $6.15
AKT Eyes $6 After Strong Run-UpAkash Network (AKTUSDT), a favorite among many crypto enthusiasts, has been on a tear since September 2023. The coin has surged a staggering 700% , exploding from $0.80 to its current price of $4.70.
This bullish trend shows no signs of abating. After a recent dip that reach its support zone of $3.75 on the weekly timeframe, the coin has staged a swift recovery . It's currently trading at $4.70 and appears poised to challenge the next resistance level at $6.00 .
Will AKT reach $6? Only time will tell, but with strong support levels and a clear target in sight, Akash Network is definitely a coin to watch for in the coming weeks.
Monthly Timeframe:
AKT priceThe Akash Network (AKT) witnessed a sharp uptick over 25% and noted massive buying momentum in the intraday session. This week, the token has reverted from the
AKT Weekly AnalysisIn the past week, Akash Network has surged to the forefront of the market, claiming the title of the top gainer with an impressive 77.41% increase.
After a notable correction, AKT experienced a sharp decline, finding support within the demand zone spanning from $2.3471 to $3.3737. Subsequently, a bullish accumulation ensued, propelling AKT to achieve a remarkable milestone, surging to a new all-time high of $7.1104. However, encountering formidable resistance within the supply zone ranging from $6.2070 to $7.1104, AKT initiated a correction phase, retracting to current trading price $5.901.
Despite the ongoing correction, both oscillators and moving averages signal a strong buy for AKT across daily and weekly timeframes. Should AKT successfully retest and close above its current all-time high, we may anticipate a further rally in its price.
$AKT impulsive pump to ATH and new price discoveryAccording to some news site, AKT or Akash Network has surged by over 47% today, following the announcement by South Korea's largest exchange, Upbit, to list the token.
Here's my idea for AKT next price action:
- new bottom times 2, so it went past $6 and wicked past $7
- new ATH hence new price discovery next
- taking benefit of doubt, next price target $7.7 to $8.2
AKT longAKT broke trough off the upper boundary of descending channel. Asset broke trough off the resistance level. Bullish movement to resistance level at 5.045 is expected to happen.
AKTUSDT - Sharp Curve Up A curve can be plotted on this daily chart for AKTUSDT if this remains intact we could be in for even more bull potential
A bearish sign would be if this curve broke down significantly.
Lets see if we see a bounce off the curve.
Aktusdt trading opportunityAktusdt is displaying a robust uptrend, and we anticipate this bullish momentum to persist towards the $19 level.
The chart indicates a buyback zone for long opportunities. However, if the suggested buyback area proves ineffective, the optimal re-accumulation point would be a strong demand zone as delineated on the chart.
Your insight will be appreciated and don't forget to show your support by hitting the like button.
AKTUSDT - BreakoutA breakout of this triangle is evident on chart
I expect continuation of this breakout to occur and price to climb higher
I have shown this climb with the bars pattern tool
Im bullish on most of crypto right now.
Long AKTAkash is bouncing off the support level and the bullish trendline. Trend is expected to continue and reach the resistance level at $5
AKT have we seen enough pain?it looks like AKT filled one demand zone.. will it continue down to the next? Hopefully not! This is one position i did not consider selling ahead of the predicted downward pressure due to its slow grind up and obvious fundamental value. lets see how it goes.
AKT - The AI Super CloudWe are entering the age of AI. According to MIT, "Interactive massively parallel computations are critical for machine learning and data analysis" (A).
The world is becoming more centralized than ever. Companies with the largest amount of resources will be able to afford the largest amount of computation. According to MIT, "the computing power needed to train AI is now rising seven times faster than ever before" (B 2019).
That was in 2019. Fast forward to 2024. The demand for computation is skyrocketing.
AI is dubbed the final invention mankind needs to create. Such monumental technology will transform the world and create an ultra concentration of power, the likes of which has never been seen before. Who will dominate this power? Corporations. If we thought we already lived in a corporatocracy, we have not seen anything yet.
In comes Akash.
AKT allows the common man, the common researcher, the common company to access vast computational resources to train the neural networks of AI. AKT represents computational freedom.
To quote AKT's website, "You will own your cloud, and be happy".
You will own your AI, and be happy.
A. Reuther et al., "Interactive Supercomputing on 40,000 Cores for Machine Learning and Data Analysis," 2018 IEEE High Performance extreme Computing Conference (HPEC), Waltham, MA, USA, 2018, pp. 1-6, doi: 10.1109/HPEC.2018.8547629.
B. www.technologyreview.com
📈🚀 AKTUSDT Market Update 🌐💹📉 Market Resilience:
Despite yesterday's market turbulence, AKT remains robust, surging to new All-Time Highs.
🔄 Historical Retracement Trend:
Previous retracements have consistently held above the Ma-200, showcasing strength and sustained momentum.
💪 Current Support and Market Cap:
Strong support at $3.00.
Market cap at $715 million, consistently rising since October, outperforming Bitcoin.
📈 Potential Breakthrough:
Breaking above $3.25 could pave the way for new All-Time Highs.
📊 RSI Insight:
RSI rising from the 50 area indicates potential for further upward movement.
📣 Summary:
CSEMA:AKT exhibits resilience and strength, reaching new All-Time Highs.
Historical retracement trends and solid support levels contribute to positive market sentiment.
Breaking $3.25 may signal continued upward momentum.
#AKTUpdate #CryptoMarket #AllTimeHigh
Akash Network AKTAbout Akash Network
Akash Network is a Supercloud spearheading a paradigm shift in cloud computing, disrupting conventional cloud services, and pioneering a revolution in access to essential cloud resources. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized, marketplace for cloud computing, offering an unprecedented level of speed, efficiency, and affordability. This innovation is set to transform the way users perceive and utilize cloud services.
.....................................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Akash 25 Day Wyckoff Re-AccumulationAkash has been on my watchlist for the past few weeks as a strong AI play.
Seeing that I'm learning Wyckoff method I've decided to give charting it a go.
Upon the TA it appears to be moving out of a traditional 25 day Wyckoff re accumulation TR.
Keeping an eye on the LPS from this most recent SOS.
AKT Riding the Wave: A Strong Buy Signal Emerges!"**Celeste AKT Coin**
**Short Fundamental**
CELESTE is a decentralized finance (DeFi) platform that allows users to lend and borrow assets, trade cryptocurrencies, and earn interest on their deposits. The platform is powered by the AKT token, which is used to pay for fees and governance. CELESTE is a relatively new project, but it has already gained a significant amount of traction, with a market capitalization of over $1 billion.
**Recent News**
* CELESTE announced that it has partnered with Chainlink to provide oracle services for the platform. This partnership will help to ensure that the prices of assets on CELESTE are accurate and reliable.
* CELESTE also announced that it has integrated with the Binance Smart Chain (BSC). This integration will make it easier for users to access CELESTE from the BSC ecosystem.
* CELESTE has been featured in several major publications, including Forbes, Coindesk, and The Wall Street Journal. This media coverage has helped to increase awareness of the project and attract new users.
**Disclaimer**
Investing in cryptocurrency is inherently risky. There is no guarantee that you will make money, and you could lose your entire investment. Before investing, you should carefully consider your own financial situation and risk tolerance. You should also do your own research to understand the risks involved in cryptocurrency investing.
AKTUSDT - BEARISH TRENDHere is observe that the candlestick in 15min time frame hold by a seller dominants
AKT | LONG - ABC CorrectionAKT Has completed his ABC correction and is now consolidating for its next move up.
We can see a clear bullish divergence on the MACD-Histogram.
AKASH NETWORK - Dips are for buyingAkash Network just made a big correction coming down from a high of $1.72 and went as low as $0.85.
Now is the time to pay attention for AKT will most likely make a big rally from here.
Not financial advice.
Akash Network shortAkash Network bounced off the resistance level. Asset bounced off the descending trendline. Bearish movement to support level at 1.233 is possible.
AKASH entry 0.235 LongI entered AKT at 0.235
I like ATOM and this is in the ATOM ecosystem but with a much smaller market cap.
If atom takes off over the next year or 2 then Akash should do well
AKT - 2023-2025 ViewHi,
I'm bullish on AKT. Depending on market moves (see also SPX BTC analysis attached), AKT may perform well for the next couple years.
I'm not expecting those moves to happen very soon. A retracement may happen, but I'm bullish on the Long-term and I think that we will test most (if not every) resistances zone/lines that I showed in the chart.
I will post an update during those days also with figures.
Support to look after are: $0.34 and $0.26 and $0.18. IF we will go lower, than surely BTC will be forming a new bottom and this will create good opportunities to enter and accumulate most of the valuable altcoins out there. (It's a scenario, even if unlikely).
I will keep this post updated
