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Technical Analysis

Akash Network (AKT) Rises by 7.08%

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The Akash Network token has joined the list of top-performing cryptocurrencies after recording a 7.08% price increase. More details on the recent price movement are outlined below.

AKT Statistics

Current Price: $0.4707

Market Capitalization: $132.81M

Circulating Supply: 286.88M

Total Supply: 388.53M

CoinMarketCap Rank: 189

Key Levels

Resistance: $0.5000, $0.6000, $0.7000

Support: $0.4000, $0.3000, $0.2000

Akash Network (AKT) Rises by 7.08%

Akash Network Shows a Pushback

The price of the AKT token has increased by a notable margin today, although some pullback has emerged. This is evident from the upper shadow on the most recent daily price candle.

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Price action remains above the 9-day EMA, while the SRSI continues to point upward from oversold levels, suggesting bullish momentum is still in play. If the EMA support holds, AKT could attempt another push higher as buyers regain control.

Nevertheless, price action remains green and positioned above the 9-day Exponential Moving Average (EMA) line. Furthermore, the lines of the Stochastic Relative Strength Index (SRSI) indicator remain pointed upward from the oversold zone, aligning with the view that bullish pressure is still active in this market.

Akash Network (AKT) Rises by 7.08%

AKT Pullback Becomes More Visible

On the 4-hour price chart, recent market behavior becomes clearer. Price action had earlier approached a psychological resistance level near $0.5000 before facing a pullback in the latest session.

AKT Coin Big Update

The Akash Network token is showing renewed bullish momentum. It has emerged as one of the best-performing assets, trading around the $0.4900 price level earlier today.

Despite this retracement, price action continues to trade above the 9-day EMA curve. The SRSI indicator lines have crossed and are now descending toward the 80 level. At this stage, the 9-day EMA is providing support to the trend. As a result, traders may consider re-entering near the 9-day EMA, targeting the $0.5500 price level.

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