Akash Network Dropped -28.18% in Last Month and is Predicted to Reach $5.63 By Apr 12, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Akash Network is up 6.37% today against the US Dollar
• AKT/BTC increased by 4.37% today
• AKT/ETH increased by 5.32% today
• Akash Network is currently trading 23.19% below our prediction on Apr 12, 2024
• Akash Network dropped -28.18% in the last month and is up 1,420.54% since 1 year ago

AKT price is expected to rise by 30.50% in the next 5 days according to our Akash Network price prediction

Akash Network price today is trading at $ 4.33 after gaining 6.37% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 7.36% in the same time period. AKT performed well against BTC today and recorded a 4.37% gain against the world’s largest cryptocurrency.

According to our Akash Network price prediction, AKT is expected to reach a price of $ 5.63 by Apr 12, 2024. This would represent a 30.50% price increase for AKT in the next 5 days.

AKT Price Prediction Chart

Buy/Sell Akash Network

What has been going on with Akash Network in the last 30 days

Akash Network has been displaying a negative trend recently, as the coin lost -28.18% in the last 30-days. The medium-term trend for Akash Network has been bullish, with AKT increasing by 45.79% in the last 3 months. The long-term picture for Akash Network has been positive, as AKT is currently displaying a 1,420.54% 1-year price change. On this day last year, AKT was trading at $ 0.284574.

Akash Network reached its all-time high price on Apr 06, 2021, when the price of AKT peaked at $ 8.04. The current AKT cycle high is $ 6.47, while the cycle low is at $ 0.166008. AKT has been displaying high volatility recently – the 1-month volatility of the coin is at 11.16. Akash Network recorded 13 green days in the last 30 days.

Akash Network technical analysis for today – Apr 07, 2024

The sentiment in the Akash Network markets is currently Neutral, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 4.04, $ 3.78 and $ 3.64, while $ 4.43, $ 4.56 and $ 4.83 are the key resistance levels.

Neutral sentiment for Akash Network

16 indicators are currently signaling a bullish prediction for Akash Network, while 14 indicators are showing a bearish forecast. With 53% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Akash Network.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 78 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Akash Network moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Akash Network is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Akash Network is at 41.34, suggesting that AKT is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Akash Network over the last 50 days. Currently, Akash Network is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the AKT closing price for the last 200 days. AKT is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Akash Network prediction

After considering the above factors, we can conclude that the current forecast for Akash Network price prediction is Neutral. AKT would have to increase by 30.50% to hit our $ 5.63 target within the next five days. Moving forward, it will be important to monitor the AKT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Akash Network price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.