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-$2.50
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