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AKTUSDT trade ideas

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
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
Long
by theGREEKFREEKisWEB3
📈🚀 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
Long
by Richtv_official
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.
by CryptoTrend-Alerts
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.
Long
by MoonTradingForecast
1
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
Long
by nosleepQF
Akash for the long term - Biggest buying opportunityThe 1, 2 (macro wave) structure, according to Elliott Wave, is almost complete. After Akash made over 2400% with a significant impulse wave right after the launch, we finally see an ABC (macro wave - zig-zag) correction coming to an end. Indeed it was choppy for those who bought the top, but that's why you have to understand structures. There is a falling wedge in the making, and we are still holding one of the critical supports around $0.95, which another dip could happen but starting DCAing here gives a good risk/reward. We are now finally seeing one of the best assets of our lifetime in the Decentralized Cloud Computing Industry at a discounted price. Akash at a 2.6B valuation will be over USD 20.00, and due to fundamentals, it is likely to occur since they are powering blockchains ecosystems such as Polygon, Cosmos, Solana, and more. Disclaimer: THIS IS NOT FINANCIAL ADVICE. We are long on Akash Network and this chart is only for educational purposes.This helps to understand how Elliot Wave Principle works. This doesn't mean price action will follow exactly precise, but it will give you an idea of the direction of any asset. To learn more about Akash visit: akash.network
ALong
by wolfhodl
2