- Bollinger Bands show a narrowing volatility, suggesting a possible consolidation phase or a short-term rebound.
- RSI hovers around 36.4, indicating weakening bearish momentum, but no strong buying signal has emerged yet.
- Akash Network faces immediate resistance at $1.27, while support is at $0.77, with a potential breakout possibly targeting the $2.00 mark.
Bollinger Bands show a narrowing volatility, suggesting a possible consolidation phase or a short-term rebound.
RSI hovers around 36.4, indicating weakening bearish momentum, but no strong buying signal has emerged yet.
Akash Network faces immediate resistance at $1.27, while support is at $0.77, with a potential breakout possibly targeting the $2.00 mark.
Akash Network (AKT) has recently seen a volatile week, with significant price fluctuations. Currently trading around $1.01, down 0.15% in the past 24 hours, AKT’s price has recently attempted a recovery after a sharp decline. Despite this, bears still appear to hold the upper hand, and short-term momentum remains weak.
Akash Network (AKT) has recently seen a volatile week, with significant price fluctuations. Currently trading around $1.01, down 0.15% in the past 24 hours, AKT’s price has recently attempted a recovery after a sharp decline. Despite this, bears still appear to hold the upper hand, and short-term momentum remains weak.
As market conditions stabilize, technical indicators point toward the possibility of a reversal if buyers can defend key support levels.
As market conditions stabilize, technical indicators point toward the possibility of a reversal if buyers can defend key support levels.
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Technical Analysis
Technical Analysis
Bollinger Bands
Bollinger Bands
Akash Network (AKT) is trading near the lower Bollinger Band, signaling potential oversold conditions or the start of a consolidation phase. The upper band sits at $1.12, the middle band (20-day SMA) is at $0.89, and the lower band rests at $0.77.
Akash Network (AKT) is trading near the lower Bollinger Band, signaling potential oversold conditions or the start of a consolidation phase. The upper band sits at $1.12, the middle band (20-day SMA) is at $0.89, and the lower band rests at $0.77.
The recent squeeze in the Bollinger Bands indicates decreasing volatility, which often precedes a strong directional move. If buyers manage to push the price above the middle band ($0.89), it could lead to a rally towards the $1.27 resistance. However, if AKT fails to hold above the lower band, further downside could be possible, with a potential decline towards $0.70.
The recent squeeze in the Bollinger Bands indicates decreasing volatility, which often precedes a strong directional move. If buyers manage to push the price above the middle band ($0.89), it could lead to a rally towards the $1.27 resistance. However, if AKT fails to hold above the lower band, further downside could be possible, with a potential decline towards $0.70.
RSI Behavior
RSI Behavior
The Relative Strength Index (RSI) stands at 36.4, showing that AKT is in a neutral-to-bearish state. This RSI value suggests that while selling pressure is decreasing, buyers have not yet shown enough strength to trigger a reversal.
The Relative Strength Index (RSI) stands at 36.4, showing that AKT is in a neutral-to-bearish state. This RSI value suggests that while selling pressure is decreasing, buyers have not yet shown enough strength to trigger a reversal.
The moving average RSI at 41.76 is slightly above the current RSI, indicating caution in the market. If the RSI moves above 50 in the coming days, this could signal a shift towards bullish momentum, encouraging traders to push for higher prices.
The moving average RSI at 41.76 is slightly above the current RSI, indicating caution in the market. If the RSI moves above 50 in the coming days, this could signal a shift towards bullish momentum, encouraging traders to push for higher prices.
Support and Resistance Levels
Support and Resistance Levels
The nearest support for AKT is at $0.77, which corresponds with the lower Bollinger Band. This level represents an important buying zone where buyers may attempt to regain control of the price action.
The nearest support for AKT is at $0.77, which corresponds with the lower Bollinger Band. This level represents an important buying zone where buyers may attempt to regain control of the price action.
On the upside, the first key resistance is found at $1.27, which aligns with the 20-day simple moving average (SMA). A decisive move above this resistance would signal a potential trend reversal and could push AKT toward $1.50. If momentum continues to build, the next major resistance level lies at $1.72, representing a crucial breakout target for AKT.
On the upside, the first key resistance is found at $1.27, which aligns with the 20-day simple moving average (SMA). A decisive move above this resistance would signal a potential trend reversal and could push AKT toward $1.50. If momentum continues to build, the next major resistance level lies at $1.72, representing a crucial breakout target for AKT.
Akash Network (AKT) Price Prediction 2025–2029: Will AKT Hit $10 Soon?
Akash Network (AKT) Price Prediction 2025–2029: Will AKT Hit $10 Soon?
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $0.70 | $1.20 | $1.50 |
| 2026 | $1.50 | $2.00 | $2.50 |
| 2027 | $2.50 | $3.50 | $4.00 |
| 2028 | $4.00 | $5.50 | $6.50 |
| 2029 | $6.50 | $8.00 | $10.00 |
2025:
In 2025, AKT is expected to trade between $0.70 and $1.50, consolidating after a volatile period. The RSI’s neutral reading and the narrowing Bollinger Bands suggest a potential increase in volatility, which could result in upward momentum if buyers defend key support levels around $0.77.
2025: In 2025, AKT is expected to trade between $0.70 and $1.50, consolidating after a volatile period. The RSI’s neutral reading and the narrowing Bollinger Bands suggest a potential increase in volatility, which could result in upward momentum if buyers defend key support levels around $0.77.
2026:
By 2026, Akash Network’s position in decentralized cloud computing could attract more institutional and retail investors. The price is expected to reach an average of $2.00, with a possibility of breaking the $2.50 mark if market sentiment continues to strengthen.
2026: By 2026, Akash Network’s position in decentralized cloud computing could attract more institutional and retail investors. The price is expected to reach an average of $2.00, with a possibility of breaking the $2.50 mark if market sentiment continues to strengthen.
2027:
Further adoption of decentralized cloud services and the expansion of Akash’s network could drive AKT prices up to $3.50, with the potential to reach $4.00 as the asset gains more traction among both individual and institutional investors.
2027: Further adoption of decentralized cloud services and the expansion of Akash’s network could drive AKT prices up to $3.50, with the potential to reach $4.00 as the asset gains more traction among both individual and institutional investors.
2028:
In 2028, as decentralized cloud computing and Web3 technologies continue to develop, AKT could see increased demand, with prices expected to reach $5.50 on average, potentially peaking at $6.50 if adoption rates accelerate.
2028: In 2028, as decentralized cloud computing and Web3 technologies continue to develop, AKT could see increased demand, with prices expected to reach $5.50 on average, potentially peaking at $6.50 if adoption rates accelerate.
2029:
By 2029, if Akash continues to expand its ecosystem and maintains leadership in decentralized cloud computing, AKT could reach between $8.00 and $10.00. This would reflect the growing demand for decentralized infrastructure as more companies transition away from traditional cloud providers.
2029: By 2029, if Akash continues to expand its ecosystem and maintains leadership in decentralized cloud computing, AKT could reach between $8.00 and $10.00. This would reflect the growing demand for decentralized infrastructure as more companies transition away from traditional cloud providers.
Conclusion
Conclusion
Currently trading near a critical support level, Akash Network (AKT) is showing signs of consolidation after a period of volatility. The tightening Bollinger Bands indicate decreasing market volatility, while the RSI suggests that bearish momentum is weakening, which could indicate a potential reversal if buying pressure increases.
Currently trading near a critical support level, Akash Network (AKT) is showing signs of consolidation after a period of volatility. The tightening Bollinger Bands indicate decreasing market volatility, while the RSI suggests that bearish momentum is weakening, which could indicate a potential reversal if buying pressure increases.
If AKT can break above the $1.27 resistance level, it could target $2.00 in the near term. Over the next few years (2025–2029), the growth in decentralized cloud computing and Web3 technologies could drive sustained price appreciation for AKT, potentially reaching as high as $10 by 2029.
If AKT can break above the $1.27 resistance level, it could target $2.00 in the near term. Over the next few years (2025–2029), the growth in decentralized cloud computing and Web3 technologies could drive sustained price appreciation for AKT, potentially reaching as high as $10 by 2029.
FAQs
FAQs
1. Why did AKT drop recently?
The recent decline in AKT’s price was driven by broader market weakness, with AKT temporarily falling below the 20-day SMA. However, the asset has since found some stability.
1. Why did AKT drop recently? The recent decline in AKT’s price was driven by broader market weakness, with AKT temporarily falling below the 20-day SMA. However, the asset has since found some stability.
2. Is AKT oversold right now?
With an RSI of 36.4, AKT is not yet oversold but is approaching levels where buying interest may begin to increase, indicating potential for a rebound.
2. Is AKT oversold right now? With an RSI of 36.4, AKT is not yet oversold but is approaching levels where buying interest may begin to increase, indicating potential for a rebound.
3. What is the next key resistance level for AKT?
The next major resistance lies at $1.27, aligning with the 20-day SMA. A breakout above this level could push AKT towards $1.50 and beyond.
3. What is the next key resistance level for AKT? The next major resistance lies at $1.27, aligning with the 20-day SMA. A breakout above this level could push AKT towards $1.50 and beyond.
4. Can AKT reach $10 by 2029?
If Akash continues to grow within the decentralized cloud computing space, reaching $10 by 2029 is a realistic target, driven by adoption and increased use cases.
4. Can AKT reach $10 by 2029? If Akash continues to grow within the decentralized cloud computing space, reaching $10 by 2029 is a realistic target, driven by adoption and increased use cases.
5. Is AKT a good long-term investment?
Given its strong position in the decentralized cloud space and increasing demand for Web3 solutions, AKT presents a promising long-term investment. However, short-term volatility should be expected.
5. Is AKT a good long-term investment? Given its strong position in the decentralized cloud space and increasing demand for Web3 solutions, AKT presents a promising long-term investment. However, short-term volatility should be expected.
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The post Akash Network (AKT) Price Prediction 2025–2029: Will AKT Hit $10 Soon? appeared first on 36Crypto.
The post Akash Network (AKT) Price Prediction 2025–2029: Will AKT Hit $10 Soon? appeared first on 36Crypto.
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