Akash Network | AKT AKT is pushing new boundaries in the digital currency ecosystem with its massively parabolic growth run at a time when most altcoins are still fighting their individual bears
The price of Akash Network is $1.55 today with a 24hour trading volume of $4,545,800. This represents a 12% price increase in the last 24 hours and a 160% price increase in the past two weeks. With a circulating supply of 220 Million AKT, Akash Network is valued at a market cap of $337,030,488
Akash Network is a relatively new protocol with the aim of outcompeting big tech in cloud-related offerings. The protocol has made a significant foothold since its inception, and it has been growing its ecosystem ever since
The current growth appears to be triggered by some of the key fundamentals the protocol is exhibiting, including the publishing of its entire Cloudmos code base for the public to see. Investors appear intrigued that Akash Network has what it takes to solidify its foothold as a major contender in the decentralized cloud computing world.
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AKTUSDT
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:
Akash Network (AKT)Akash Network is an open network that lets users buy and sell computing resources securely and efficiently. Purpose-built for public utility. 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.
Anyway, AKT ended the downward move when the price broke the major downtrend line. Then Akash started its upward phase, which took the price up to the ATH slowly but surely. AKT reached the ATH but couldn't break the area; instead, ATK made a retraction to gather momentum. Then Akash started a new upward wave to attack the ATH's horizontal resistance area and break it. Only then can ATK achieve higher targets. Let's see what happens.
$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
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.
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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.
AKTUSDmonster bullflag forming here
obv bullish
double bottom rsi and double bottom price into the lower bullflag trendline
Akash AKT - good buy at 1.90?Akash Network is the world’s first decentralized open-source cloud, providing faster, more efficient, and lower cost application deployments for high-growth industries including DeFi, decentralized organizations and applications, and machine learning/AI.
Akash Token (AKT) is the platform’s native utility token, used as the primary means to govern, secure the blockchain, incentivize participants, and provide a default mechanism to store and exchange value.
Make a Faling WedgeFalling Wedge was identified on Oct 23, This pattern is still in the process of forming. Possible bearish price movement towards the support 2.5963 within the next 18 days.
Akash (AKT) - the decentralized cloud Akash Network, the world's first decentralized and open-source cloud.
$6.4 incoming for Akash (AKT) and possible ATH test later this year.
AKT/USDT Start: Akash as THE new cloud computing service? 10x?Intro:
- AKT is currently in a downtrend and did rebound around 2$.
- Unfortunately AKT on tradingview does not show the full history. We include the resistance levels around 5$ and 6$.
But since we believe in this coin and its potential we will start covering it here.
- Akash is one of the first cloud computing and cloud storage service based on blockchain.
Cloud computing becomes more and more the norm as well as cloud storage.
This makes us very bullish for Akash that it will perform well during this bullrun.
Daily chart on the left hand side:
- Price is currently in a downtrend together with the volume and the RSI.
- Once we break above we expect all three indicators to flip which could end in a sharp recovery.
4h chart on the right hand side:
- We see a weak support around 2.5$.
- The 50 and 200 MA are closing in which would result in a golden cross. The yellow camera already eagerly awaits this.
Expectation:
- We expect a recovery during the next months that will result in new ATH's.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.