Despite a negative trend in the crypto market, the dominance of Artificial Intelligence (AI) tokens continues to rise. Further, top AI crypto-tokens continue to record significant uptrends in their respective portfolios over the past 2 days, highlighting a rising bullpower in the crypto space.
Moreover, the AKT price has added approximately 16% in valuation this week, after trading under a strong bearish sentiment since the month started. With the rising bullish sentiment, will Akash Network price reclaim $5 soon?
The AKT price, after recording a massive correction in its valuation since the month’s start, has successfully experienced a strong bullish reversal by adding significant value to its portfolio. Positively, the Akash Network price has surged 22.07% over the past 2 days.
With a 24-hour jump of 7.78% and a market capitalization of $762.32 Million, the Akash Network (AKT) price has successfully secured the 92nd position in the global cryptocurrency market list.
The technical indicator, SMA, is on the verge of recording a bullish crossover in the 1D time frame, suggesting an increase in the positive price action for the AKT coin price in the crypto market.
The Moving Average Convergence Divergence (MACD) records a constant decline in the red histogram, indicating increased buying-over-selling pressure. Furthermore, the averages show a potential bullish convergence in its price chart, highlighting a positive outlook for the AI token in the coming time.
If the market holds the AKT crypto above its support level of $3.210, the altcoin will prepare to test its resistance level of $4.240 during the upcoming week. Maintaining its value at that level will set the stage for Akash Network price to test its upper resistance level of $5 in the coming time.
On the flip side, if the bears overpowered the bulls, the AKT price would plunge toward its crucial support level of $2.250 this month.
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