Based

bullish

Akash Network

Strong

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<p>Entering the list of top 100 crypto, AKT Akash Network is inching closer to a billion-dollar market cap. Currently, it is trading at $4 with a market cap of $994 million.&nbsp;</p>  
<p>As the altcoin has surged nearly 50% over the last 7 days, the bull run in Akash Network aims to reach a new 52-week high. So, let's find out the potential price targets for the AKT price trend in 2024.</p>  
<h2 class="wp-block-heading" id="h-akash-network-akt-price-performance"><strong>Akash Network (AKT) Price Performance</strong></h2>  
<p>In the daily chart, the AKT price action shows a falling wedge breakout. With a quick reversal from the $2 psychological mark, the bullish trend has now given a 100% return.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/18181314/AKT-price-analysis-18th-Nov-2024-1024x509.png" alt="Akash Network (AKT) Price Performance" class="wp-image-381293">
</figure>  
<p><a href="https://www.tradingview.com/x/7f2fBEIy/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>Currently, the bull run has exceeded about the 50% Fibonacci level at $3.60 and the 200-day exponential moving average line. The bullish cross above the dynamic average line increases the possibility of a golden crossover between the 200-day EMA and the 50-day EMA.&nbsp;</p>  
<p>Currently, the intraday candle shows a 22.73% surge, creating a massive bullish engulfing candle.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-technical-indicators"><strong>Technical Indicators:</strong></h3>  
<p><strong>MACD: </strong>The Akash Network price trend starts the third positive week with increased chances of a bull run ahead. The surge in buying pressure has led to a positive crossover in the MACD indicator.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-akash-network-price-hit-250"><strong>Will Akash Network Price Hit $250?</strong></h2>  
<p>As the trendline breakout rally gains momentum, the uptrend is likely to reach the $6.19 mark, which increases the possibility of a new 52-week high above $6.85.&nbsp;</p>  
<p>Based on the Fibonacci levels and upside beyond this, the price targets are $8.31 and $12.09. Furthermore, supporting the uptrend, the MACD and signal line maintain a positive trend as the bullish histograms resurface.</p>  
<p>Curious about Akash Network’s future? Read our <a href="https://coinpedia.org/price-prediction/akash-network-akt-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Akash Network (AKT) Price Prediction</a> for an overview of long-term targets!</p>  
<h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731933682491"><strong class="schema-faq-question">What is driving the current bullish trend in Akash Network's price?<br></strong>
  <p class="schema-faq-answer">Strong buying momentum, technical breakout patterns, and increased adoption of Akash Network's ecosystem are driving the bullish trend.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731933690645"><strong class="schema-faq-question">What are Akash Network's next price targets in this bull run?<br></strong>
  <p class="schema-faq-answer">If Akash Network breaks the $250 level, Fibonacci projections suggest potential targets at $600 and $1850.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731933700190"><strong class="schema-faq-question">Could Akash Network experience a price correction despite its uptrend?<br></strong>
  <p class="schema-faq-answer">Yes, minor retests of breakout levels like $250 are possible, offering opportunities for consolidation before further surges.</p>
 </div>
</div>

Will AKT Price Break $6.85 and Hit a New 52-Week High at $8.31?

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