Bullish AKT price prediction for 2024 is $3.6740 to $8.2477.
Akash Network (AKT) price might reach $15 soon.
Bearish AKT price prediction for 2024 is $0.9207.
In this Akash Network (AKT) price prediction 2024, 2025-2030, we will analyze the price patterns of AKT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS INTRODUCTION
Akash Network (AKT) Current Market Status
What is Akash Network (AKT)?
Akash Network (AKT) 24H Technicals
AKASH NETWORK (AKT) PRICE PREDICTION 2024
Akash Network (AKT) Support and Resistance Levels
Akash Network (AKT) Price Prediction 2024 — RVOL, MA, and RSI
Akash Network (AKT) Price Prediction 2024 — ADX, RVI
Comparison ofAKT with BTC, ETH
AKASH NETWORK (AKT) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ
Akash Network (AKT) Current Market Status
Current Price $2.58 24 – Hour Price Change 6.33% Down 24 – Hour Trading Volume $20,601,355 Market Cap $641,206,889 Circulating Supply 248,285,795 AKT All – Time High $8.08 (On Apr 07, 2021) All – Time Low $0.1672 (On Nov 22, 2022)
AKT Current Market Status (Source: CoinMarketCap) What is Akash Network (AKT) TICKER AKT BLOCKCHAIN Cosmos CATEGORY Cloud computing LAUNCHED ON September 2020 UTILITIES Governance, security, gas fees & rewards
Akash Network (AKT) is a decentralized cloud computing platform designed to disrupt the traditional cloud service industry. By utilizing blockchain technology, Akash Network creates a decentralized marketplace where users can buy and sell computing resources. This model aims to offer a more efficient, flexible, and cost-effective alternative to conventional cloud services provided by major players like AWS, Google Cloud, and Microsoft Azure.
The core of Akash Network’s operation is its open-source cloud network, which leverages underutilized server capacity from data centers around the world. This not only maximizes resource utilization but also reduces the cost of cloud computing services. The platform employs a proof-of-stake consensus mechanism to ensure network reliability, performance, and security. This mechanism incentivizes validators to maintain the integrity of the network by staking AKT tokens.
Akash Network 24H Technicals
(Source: TradingView)
Akash Network (AKT) Price Prediction 2024
Akash Network (AKT) ranks 100th on CoinMarketCap in terms of its market capitalization. The overview of the Akash Network price prediction for 2024 is explained below with a daily time frame.
AKT/USDT Ascending Triangle Pattern (Source: TradingView)
In the above chart, Akash Network (AKT) laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows.
If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.
At the time of analysis, the price of Akash Network (AKT) was recorded at $2.58. If the pattern trend continues, then the price of AKT might reach the resistance levels of $3.2679, and $4.7025. If the trend reverses, then the price of AKT may fall to the support of $2.5387, and $2.1684..
Akash Network (AKT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Akash Network (AKT) in 2024.
AKT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Akash Network (AKT) for 2024.
Resistance Level 1 $3.6740 Resistance Level 2 $8.2477 Support Level 1 $1.7420 Support Level 2 $0.9207
AKT Resistance & Support Levels
Akash Network (AKT) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Akash Network (AKT) are shown in the chart below.
AKT/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Akash Network (AKT) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $2.5969Price = $2.7326(50MA < Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 51.9116<30 = Oversold50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume
Akash Network (AKT) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Akash Network (AKT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
AKT/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Akash Network (AKT).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 37.6779 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 55.60<50 = Low>50 = High High Volatility
Comparison of AKT with BTC, ETH
Let us now compare the price movements of Akash Network (AKT) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs AKT Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of AKT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of AKT also increases or decreases respectively.
Akash Network (AKT) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Akash Network (AKT) between 2025, 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish Price Akash Network (AKT) Price Prediction 2025 $16 $0.9 Akash Network (AKT) Price Prediction 2026 $17 $0.8 Akash Network (AKT) Price Prediction 2027 $18 $0.6 Akash Network (AKT) Price Prediction 2028 $19 $0.4 Akash Network (AKT) Price Prediction 2029 $20 $0.2 Akash Network (AKT) Price Prediction 2030 $21 $0.08
Conclusion
If Akash Network (AKT) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Akash Network (AKT) price prediction for 2024 is $8.2477. Comparatively, the bearish Akash Network (AKT) price prediction for 2024 is $0.9207.
If there is a positive elevation in the market momentum and investors’ sentiment, then Akash Network (AKT) might hit $15. Furthermore, with future upgrades and advancements in the Akash Network ecosystem, AKT might surpass its current all-time high (ATH) of $8.08 and mark its new ATH.
FAQ
1. What is Akash Network (AKT)?
Akash Network (AKT) is a decentralized cloud computing platform designed to disrupt the traditional cloud service industry.
2. Where can you buy Akash Network (AKT)?
Akash Network (AKT) has been listed on many crypto exchanges which include Gate.io, Coinex, Kraken, Bitrue, and Osmosis.
3. Will Akash Network (AKT) record a new ATH soon?
With the ongoing developments and upgrades within the Akash Network platform, Akash Network (AKT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Akash Network (AKT)?
Akash Network (AKT) hit its current all-time high (ATH) of $8.08 on Apr 07, 2021.
5. What is the lowest price of Akash Network (AKT)?
According to CoinMarketCap, AKT hit its all-time low (ATL) of $0.1672 on Nov 22, 2022.
6. Will Akash Network (AKT) hit $15?
If Akash Network (AKT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $15 soon.
7. What will be the Akash Network (AKT) price by 2025?
Akash Network (AKT) price might reach $16 by 2025.
8. What will be the Akash Network (AKT) price by 2026?
Akash Network (AKT) price might reach $17 by 2026.
9. What will be the Akash Network (AKT) price by 2027?
Akash Network (AKT) price might reach $18 by 2027.
10. What will be the Akash Network (AKT) price by 2028?
Akash Network (AKT) price might reach $19 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.