$AKT :🚀🚀

#AKT Trade Setup: Risk-to-Reward Ratio 4

Entry: cmp
Take Profit (TP): 4.27
Stop Loss (SL): 3.567
Timeframe: 4H

Technical Confluences:

Fibonacci Golden Pocket: Price aligns within the golden pocket zone, increasing the probability of a reaction.

4H Order Block Tap: Entry is based on a retest of a high-probability demand zone.

Risk-to-Reward Ratio: 4

Trade Plan:

Enter at cmp after confirming bullish reactions from the order block.

Target profit at 4.27, aligned with resistance

Protect capital with a stop loss at 3.567, just below the order block and invalidation level.

Disclaimer:This analysis is for educational and informational purposes only. Trading in financial markets involves significant risk and may result in the loss of your invested capital. Ensure proper risk management and trade only with funds you can afford to lose. This setup is not financial advice
#aktusdt #Write2Earn! #BinanceSquareFamily #MarketMajorComeback

The price of Akash Network’s native cryptocurrency, AKT, soared by 45% in the last 24 hours, reaching $6 as of 4 a.m. EST. This surge was accompanied by a remarkable increase in trading volume, which rose by 2,043% to $84.9 million.
Initially, AKT surged by over 50% to $6.8. Notably, during this upward movement, the token successfully transformed its significant historical resistance level at $6 into a robust support level. Currently, this support level is preventing AKT from undergoing a correction.

Akash Network Price Surges Ahead of Akash Accelerate ‘24 Summit
The recent surge in Akash Network’s price follows the announcement of Akash Accelerate ‘24, the project’s inaugural full-day summit. Scheduled for May 28 in Austin, Texas, the event aims to unite the community with a diverse agenda featuring presentations and panels from leading figures in the Decentralized AI sector.
Get ready for Akash Accelerate '24.This will be the first full-day Akash summit, bringing the entire community together for a packed agenda of presentations and panels from the brightest minds in the Decentralized AI space.When: May 28th, 2024 (before @consensus2024)
Where:… pic.twitter.com/Uu05PYlgxu— Akash Network (@akashnet_) April 22, 2024

Beyond the upcoming summit, Akash Network has been bustling with activity in recent weeks. On March 18, the project made headlines by revealing that its native cryptocurrency, AKT, would commence trading on Coinbase.
Furthermore, just last week, Akash witnessed a significant milestone with the deployment of Llama 3 70B on its network. This deployment marked the introduction of what Akash describes as “the most capable openly available AI model” to its platform.
Akash Network Price Surge Sparks Uncertainty Amid Rapid Correction
The sudden price surge of Akash Network’s token, AKT, caught many by surprise as it soared from $4.0082 to $6.8203 in less than 30 minutes. However, this rapid ascent led to a subsequent correction, bringing AKT to a support level at $6. Traders are now closely monitoring technical indicators for insights into the token’s next moves.
One such indicator is the Relative Strength Index (RSI), which soared to 97.77, signaling deep overbought conditions—a rarity in the crypto industry. Currently, the RSI has retreated to 72.95, suggesting profit-taking among traders.

Akash-Network-Price-Prediction: Source – TradingVie
Meanwhile, the project’s Bollinger Bands remain notably wide, typically seen as a bullish sign. However, these bands may begin to narrow in the hours ahead.
Given the sharp surge followed by a swift correction, there’s a possibility that the AKT price could break its $6 support level, potentially dropping to $5 or even returning to its initial price of $4.
However, some traders may view this correction as a buying opportunity, potentially supporting the price above $6 or even driving it higher.
Amidst this uncertainty, caution is advised for those considering involvement with AKT. Extensive research and careful analysis are essential before making any investment decisions in this altcoin.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#AKT  #Altcoin  #Bitcoin  #CryptoNews #akash $BTC $ETH $SOL

Here's a concise overview of five promising cryptocurrencies, highlighting their unique value propositions and growth potential:
### 1. Goldfinch ($GFI)
Goldfinch is a decentralized, global crypto credit protocol designed to generate real yield from real-world businesses. By removing traditional barriers to credit, it enables companies, particularly in emerging markets, to access financing. This opens up investment opportunities for token holders, allowing them to earn returns from these loans. With its focus on tangible, real-world applications, Goldfinch presents a compelling option for investors seeking sustainable growth.
### 2. Enzyme ($MLN )
Enzyme is an on-chain asset management protocol that empowers users to create and manage crypto index funds. Tailored for both novice and experienced investors, the platform offers a user-friendly way to diversify portfolios within the crypto space. As interest in streamlined and accessible investment solutions grows, Enzyme’s innovative platform positions it well for substantial growth in the asset management sector.
### 3. Dopex ($DPX)
Dopex is a decentralized options exchange that aims to enhance the trading experience for options contracts. By addressing liquidity challenges and improving the overall user interface, Dopex is poised to capitalize on the expanding interest in options trading within the cryptocurrency market. Its innovative approach to optimizing trading efficiency could lead to significant adoption, especially during future bull runs.
### 4. Index Cooperative ($INDEX)
Index Cooperative provides a platform for creating and managing diversified crypto index funds, offering investors exposure to a broad range of assets. As the market demand for diversified and easily accessible investment products grows, Index Cooperative is positioned to see increased usage and value appreciation. Its focus on simplifying access to a wide range of digital assets gives it a strong potential for growth.
### 5. Akash ($AKT)
Akash is a decentralized computing marketplace that connects users with underutilized cloud computing resources. By providing a cost-effective and scalable alternative to traditional cloud services, Akash addresses a critical need within the tech industry. As demand for flexible and efficient computing solutions rises, Akash has the potential to establish itself as a leader in the decentralized cloud computing space.
### Conclusion
While these projects demonstrate strong potential for growth, it is crucial to conduct thorough research and assess current market conditions before making any investment decisions. Investing in cryptocurrencies carries inherent risks, so always consider your financial situation and goals carefully.
What are your thoughts on these options?
#CryptoNewss #MLN/USDT #AKT #UptoberBTC70K?