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AKT / USDT Spot Trading Pair

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AKTUSDT trade ideas

AKT Trade Setup: Risk-to-Reward Ratio 4AKT Trade Setup: Risk-to-Reward Ratio 4 Entry: cmp Take Profit (TP): 4.27 Stop Loss (SL): 3.567 Timeframe: 4H Technical Confluences: Fibonacci Golden Pocket: Price aligns within the golden pocket zone, increasing the probability of a reaction. 4H Order Block Tap: Entry is based on a retest of a high-probability demand zone. Risk-to-Reward Ratio: 4 Trade Plan: Enter at cmp after confirming bullish reactions from the order block. Target profit at 4.27, aligned with resistance Protect capital with a stop loss at 3.567, just below the order block and invalidation level. Disclaimer:This analysis is for educational and informational purposes only. Trading in financial markets involves significant risk and may result in the loss of your invested capital. Ensure proper risk management and trade only with funds you can afford to lose. This setup is not financial advice.
Long
by karmatseringhyolmo
1
Akash Network (AKT): A Breakout Moment in the Computing SpaceAkash Network ( CSEMA:AKT ), a decentralized cloud computing platform, has recently caught the attention of crypto traders and analysts alike with its impressive breakout and bullish momentum. AKT's recent price action has shifted the token from a prolonged downtrend to a new uptrend, as it aims to position itself as a significant player within the DePIN (Decentralized Physical Infrastructure Network) sector. Both technical indicators and fundamental developments suggest that CSEMA:AKT may be gearing up for substantial growth in the near term. Technical Analysis CSEMA:AKT has recently broken through a major descending trendline at $2.31, climbing quickly to a new high of $3.44. This breakout is a clear reversal of the previous downtrend, suggesting that the token has regained bullish momentum. The current support level for AKT now sits at $2.97, offering a potential floor in the event of a pullback. Key Resistance Levels: The first resistance level to watch is at $3.85. Breaking through this resistance could open the path for CSEMA:AKT to target $5.83, a substantial upside from current levels. RSI and Momentum: Currently, AKT’s Relative Strength Index (RSI) sits at an elevated 72.90, placing it in overbought territory. While an RSI above 70 often signals caution, it also reflects strong buying interest. Overbought conditions could lead to a pullback, but if momentum remains strong, CSEMA:AKT may continue its upward trajectory. CSEMA:AKT is trading above key moving averages, further reinforcing the bullish outlook. Trading above these levels signals strong support and suggests that buyers are firmly in control. Overall, the technical indicators for CSEMA:AKT reveal a bullish trend with a well-supported breakout, increasing the likelihood of continued upside. However, traders should monitor the RSI and be prepared for potential consolidation as the price nears resistance. A Leader in Decentralized Cloud Computing Akash Network’s growth extends beyond its technical indicators. As the first decentralized open-source cloud, Akash aims to reduce the costs of cloud computing by offering a decentralized marketplace where users can buy and sell computing resources. This unique approach disrupts the traditional cloud computing model dominated by large tech firms and aligns with the broader trend toward decentralization in Web3. DePIN Sector Growth: The DePIN sector, which focuses on decentralized infrastructure, is experiencing significant attention as projects like AKT, BTT, and AIOZ capitalize on the demand for decentralized services. As Bitcoin’s recent rally uplifts the entire crypto market, AKT and similar DePIN tokens are well-positioned to benefit from positive market sentiment. Potential Partnerships and Developments: Akash’s founder, Greg Osuri, has hinted at potential collaborations that could expand the network’s reach. There are even speculative rumors suggesting a possible partnership with political administrations that could support decentralized technologies, which has further sparked interest and speculation within the community. Community Sentiment: The phrase “sleeping giant” is increasingly being associated with AKT, as many investors believe the coin’s potential is yet to be fully realized. The community is anticipating that AKT could reach a $2 billion market cap, fueled by Akash’s innovative approach to cloud computing and the growing interest in decentralized services. Is the AKT Rally Just Beginning? AKT’s recent breakout has not occurred in isolation. Tokens across the DePIN sector, such as BTT and AIOZ, have also shown significant upward movement, suggesting that a broader rally may be underway for decentralized infrastructure assets. As these tokens break major resistance levels, they establish new support zones that could propel further gains if positive momentum persists. Moreover, Bitcoin’s record-breaking rally has created an environment of positive sentiment across the crypto market. As the market leader, Bitcoin often sets the tone for broader market trends, and its recent surge has bolstered confidence in the overall market, making investors more willing to take positions in high-potential projects like Akash Network. Conclusion Akash Network’s unique positioning in the decentralized cloud computing space, combined with its recent bullish breakout, makes it a compelling token to watch. The technical indicators are aligned with bullish sentiment, as AKT is trading above key moving averages, has broken through a descending trendline, and could target resistance at $3.85 and even $5.83. However, the elevated RSI suggests that caution is warranted, as a pullback may occur before the next leg up. Akash Network’s goal to decentralize cloud computing resonates with the broader shift toward Web3 and DePIN assets. With a strong community, speculation around new partnerships, and an optimistic outlook in the crypto market, CSEMA:AKT has the potential to grow significantly. However, as always, potential investors should remain vigilant and manage risk, as the crypto market can be highly volatile.
Long
by DEXWireNews
3
AKT as an AI play This one is a risky play as the coin market cap is relatively small, but the use case in the AI field is promising Akash offers a decentralized cloud computing marketplace. In simple words AKT, is connected to AI because it lets people rent out computer power on a decentralized “supercloud.” Imagine it like a huge network of computers where people can run AI programs like training chatbots or analyzing big data without needing to buy expensive equipment themselves. And basically AKT is used to pay for this computer power, especially for high-powered tasks, like running advanced AI models. So seeing how AI narrative now is in its beginning, imagine the potential of this use case
Long
by MoistafaX
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 $337,030,488 Akash Network is a relatively new protocol with the aim of outcompeting big tech in cloud-related offerings. The protocol has made a significant foothold since its inception, and it has been growing its ecosystem ever since The current growth appears to be triggered by some of the key fundamentals the protocol is exhibiting, including the publishing of its entire Cloudmos code base for the public to see. Investors appear intrigued that Akash Network has what it takes to solidify its foothold as a major contender in the decentralized cloud computing world. next targets are 1.7 and 1.9$ for scalpers, we invest at 0.69$ break out and here we are if you set a right target and stop loss, it could be very rewarding in crypto also if you new to trading then you can count on our experts
by moonypto
2
Akash Network Downtrend, Is It Over?Akash Network grew straight up for 517 days. From a low point in November 2022 to a high point in April 2024. We can spot a clear downtrend on the chart, a correction. This downtrend has been active almost six months, is it over? This chart came to my attention as I look for bottomed out pairs, buying opportunities, and no, the correction seems not to be over. While there was a major low in early August, there has been no significant recovery so far. This major low pushed prices toward the level traded by AKTUSDT back in December 2023 but plenty of room remains open to see lower prices. We can see AKTUSDT trading below the fast moving EMAs 8, 13 and 21, which means bearish. We can see trading volume decreasing and we cannot see any strong reversal signals just yet. Might grow; not really. This pair have to undergone one more major drop, followed by consolidation, before it can resume its growing phase. ➖ Moving and closing above $3.20 can strengthen a bullish bias in the mid-term. ➖ Trading below $2.80 keeps this chart setup reading bearish, as in bearish potential still active. Thank you for reading. Namaste.
Short
by AlanSantana
4
#AKT Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: AKT is currently in a downtrend, struggling to break above the resistance trendline and the 50 EMA. It has been forming a lower-low, lower-high pattern, but recently, it has been attempting to reverse to a higher-high, higher-low pattern. To confirm this reversal, AKT needs to break above the resistance level at $2.67 and close above the previous lower high at $2.992 on the daily chart. This would signal a shift toward an uptrend. On the bearish side, if AKT fails to hold the dotted support line, the reversal will be invalidated, and the price will likely drop toward the $1.80 support line, which could present a decent entry range. Key levels: - Primary Support: $2.23. - Lower Support/Entry: $1.8. - Crucial Resistance: $2.67-$2.992. - Long-term Target: $6-$8. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
Alikze »» AKT | Descending channel🔍 Technical analysis: Descending channel - It has been moving in an ascending channel in the 1W time frame. - In the short term after the break of the descending channel, as you can see, it is moving within a descending channel. - After breaking the long-term ascending channel and pullback, it has had a correction up to the golden zone. - In the 8H time, if the supply zone breaks, it can grow up to 4.68, otherwise, it can retest the bottom of the channel. ⛳️ Upside targets: 4.65 - 5.08 - 5.47 ⛳️ Downside targets: 2.74 - 2.35 - 1.95 💎 But in the daily and weekly time frame, according to the bullish candlestick in the golden zone, if the supply zone fails, it will have the ability to grow to the next zone and the specified goals of the ceiling of the long-term ascending channel, which I will review and update later. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
AKT/USDTA bullish butterfly is a specific harmonic chart pattern used in technical analysis to identify potential reversal points where an asset's price may change direction from a downtrend to an uptrend. Like the bearish butterfly, the bullish butterfly relies on specific Fibonacci retracement and extension levels. Key Features of the Bullish Butterfly Pattern The bullish butterfly pattern consists of five points labeled X, A, B, C, and D. The pattern is formed by four distinct price swings: X to A: The initial move down from point X to point A. A to B: A retracement move up from point A to point B, which is typically 78.6% of the XA leg. B to C: A move down from point B to point C, which is usually 38.2% to 88.6% of the AB leg. C to D: The final move up from point C to point D. The CD leg is an extension of the XA leg, and D is often found at 127.2% to 161.8% of the XA leg. Fibonacci Relationships XA: Initial downward leg. AB: Retracement of 78.6% of the XA leg. BC: Can be between 38.2% to 88.6% retracement of the AB leg. CD: The most critical leg, which is an extension of the XA leg and can be 127.2% to 161.8% of the XA leg. Trading the Bullish Butterfly Pattern Entry Point: Traders typically enter a long position at point D, where the pattern completes, and a reversal is expected. Stop Loss: A stop loss is generally placed below point D to manage risk in case the price continues to fall. Target Price: The initial target is usually set at point B, and if the price continues to move favorably, traders might target point C or even beyond.
Short
by B9A-88652-NisarAhmad
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:
Long
by Z4F4R
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.
Long
by Mudrex