The choice of those who seek stability
Nervos Network (CKB)
With a market cap approaching the billion-dollar mark, Nervos Network is on the rise in the altcoin industry. With a sharp reversal in CKB price trend this year, the altcoin is up 537% and is trading at $0.020438.
As the bull run progresses, key moving averages are on the verge of a golden crossover. Moreover, the long-tailed weekly candle remains above the 50% Fibonacci line, signaling a continuation of the trend.
With the strengthening of bull market expectations in April, CKB price may break the 52-week high of $0.025 and challenge the all-time high of $0.044. Optimistically, buyers can take over the asset at the psychological barrier of $0.050 and touch the 1.618% Fibonacci level at $0.057.
Akash Network (AKT)
With a massive rounding bottom reversal on the weekly chart, AKT price trended to challenge the $6.50 supply area. However, with the recent supply wave, the altcoin retested the 61.80% Fib level at $3.86.
The retest phase resulted in a 34% drop in just 4 weeks, resulting in a sharp correction and four consecutive bearish candles. Considering that buyers managed to maintain above the 61.80% Fib level, sideline watchers are facing a great opportunity to buy on the dip.
With the reversal after the retest and a potential recovery in the market next week, AKT price may break through the $6.50 supply area. By doing so, the altcoin will be ready for new all-time highs, possibly reaching $9.82.
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