In the past 24 hours, Aakash Network's price surged to $16.30, while AKT remains 18% below its previous all-time high.
Akash Network peaked near $6.8576 on April 23, then dropped by about 46%, stabilizing around $3.70, aligning with 61.80% Fibonacci retracement.
Yesterday, Akash Network formed a Marubozu candlestick, indicating strong momentum, and breached a triangle pattern.
The daily RSI slope suggests a bullish divergence, and with AKT trading above all moving averages, it indicates further upside potential.
If AKT holds above the triangle pattern, it could hit $7 first, then $10 in the coming months.
According to Coin Gabbar analysis, If we reverse from $6.20, prices might drop to $5, supported by a pattern, possibly reaching $4 due to panic selling.
KEY LEVELS :
RESISTANCE LEVEL : $7.00-$10.00
SUPPORT LEVEL : $4.00-$2.500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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