Crypto analysts are eyeing potential rebounds for BEAM and Akash Network (AKT) tokens as the market shows signs of recovery. Experts have analyzed the price movements and technical indicators suggesting these assets may be poised for gains in the coming months.
BEAM Bounces Back from Bear Market Lows
BEAM has experienced a substantial price correction since March. The token’s value plummeted nearly 80%, mirroring the broader altcoin market’s downturn. However, recent chart analysis indicates a potential turnaround.
$BEAMBeam has gone down almost 80% since the high in March, the same as most other altcoins.We reached the bear market lows and bounced from them.Beam is still one of my favorite gaming tokens. I expect it to perform well in the coming months, so I’m currently only buying.… pic.twitter.com/20ToOjR3fV
— Crypto | Stocks | Freedom (@Wealthmanagerrr) August 11, 2024
Crypto analyst @Wealthmanagerrr notes that BEAM has bounced off its bear market lows. This rebound signals a possible shift in market sentiment. The analyst identifies $0.019 as the first key resistance level for BEAM.
“BEAM is still one of my favorite gaming tokens. I expect it to perform well in the coming months, so I’m currently only buying,” @Wealthmanagerrr stated in a recent tweet. This optimism stems from BEAM’s recovery and its position in the gaming sector.
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Show more +Show less – Akash Networks Promising Outlook
Analyst Alex Cosmonaut, on the other hand, highlights a critical resistance level at $4 for AKT. Breaking this barrier could pave the way for price appreciation.
Cosmonaut’s analysis suggests that if AKT surpasses the $4 mark, double-digit prices may be achievable in the soon. The analyst notes the weekly MACD indicator as a key factor to watch. A bullish crossover could confirm the upward trend.
If $AKT went up to $4 soon and it breaks that resistance i think double digits will come in the coming months once the weekly MACD closesI think it's a once in a lifetime opportunity for those that missed the train on this project pic.twitter.com/a0hX7D4o63
— Alex Cøsmonaut (@AlexCosmonaut) August 10, 2024
“I think it’s a once in a lifetime opportunity for those that missed the train on this project,” Cosmonaut remarked, emphasizing the potential for substantial gains. This statement highlights the perceived value proposition of AKT at current price levels.
Read also: Toncoin Price Prediction: Expert Eyes “An Easy $10” – Will TON Flip SOL and BNB?
BEAM and AKT Prices Soar
Both BEAM and AKT have shown positive price movements in recent days. According to CoinGecko data at press time, BEAM trades at $0.01422, representing a 12.96% increase in the last day. The token’s trading volume stands at $33,172,576.
Similarly, AKT has had a notable uptick. The token trades at $2.85, with a 13.29% gain in the past day. AKT’s daily trading volume reaches $30,948,310, indicating strong market interest.
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