- Akash Network price has surged by 27% in less than 2 days.
- The trading volume has increased by 80% in the past few hours.
The chart shows that the AKT price has performed extremely bullishly since its launch date. It has gained more than 800% till March 2024 and reached an all-time high on April 23, 2024. The bullish trend has disturbed near the $6 hurdle and showed price booking.
Akash Network’s crypto price has attempted three times to sustain the $6 hurdle, but investors haven’t shown faith. In mid-May, the price tried to maintain the $6 level, but sellers were strong enough, and investors preferred to book profit, which led to selling pressure. However, buyers have shown interest at the support level, and the price has advanced by 27% in a few days.
At press time, the Akash Network price traded at $3.66, with a massive surge of 11.75% in the past 24 hours. The market capitalization is $904.78 Million, and the 24-hour trading volume is $89.40 Million. The circulating supply is 242,087,856 AKT, and the fully diluted market cap is $1.44 Billion.
AKT Crypto Back in Top 100 as per Market Cap
$AKT back in the top 100 per MC where she belongs!
— CosmosHOSS 🥷 (@CosmosHOSS) June 27, 2024
+13% on the day! 📈 #akash 😎 #AKT pic.twitter.com/MCAaavvwDG
The Akash Network crypto market capitalization has increased by 20% in the past 24 hours. CosmosHOSS on X suggests that the AKT crypto has returned to the top 100 according to its market capitalization. The Akash Network price has reacted positively and surged by 13% in a day.
AKT Price Has Triggered a Pullback; Will It Gain 50% in One Go?
The AKT crypto price has remained bearish for the past few weeks, but it has taken support at a crucial level and surged by more than 25%. The digital asset price has surpassed the 20-day EMA and is heading for the 200-day EMA.
The Akash Network price has risen by defending the 200-day EMA, but in mid-June, the price slipped below. If the AKT price surpasses the 200-day EMA and sustains, buying momentum can be experienced.
If the chart structure manages to invite investors, the price may extend to the last swing high. On the other hand, if the price slips below the $2.75 mark, sellers may become confident and drag the price below the $2 hurdle.
Turning to the technical indicators, the RSI is 50 and has rapidly recovered from the oversold zone. The histograms have flipped to red, generating a golden crossover with the Signal line.
Will AKT Price Regain $6 Mark Soon?
The technical indicators, such as the RSI and the histogram, suggest a potential bullish momentum in the near term. However, keeping an eye on the crucial levels, particularly the 200-day EMA and the support level around $2.75, is essential.
If the price stabilizes above these levels, it could invite more buying interest and potentially extend to the last swing high. On the other hand, a drop below the $2 hurdle may signal increased selling pressure.
Technical levels
Based on the technical chart, the Akash network crypto price is expected to face resistance from $6 and an imaginary resistance level of $8. It may take support at the $2.75 and $1.60.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
