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<p>Despite the border market witnessing a 500 million liquidation in the past 24 hours, the AKT price trend maintains a bullish approach. Over the past 24 hours, the Akash Network token price has maintained a bullish trend and has increased by 3.34%.</p>  
<p>As the price action teaches an uptrend continuation, will a breakout rally result in a surge to a new all-time high? Let's find out.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-akash-network-akt-price-performance">Akash Network (AKT) Price Performance</h2>  
<p>In the daily chart, the AKT price action showcases a falling wedge breakout rally gaining momentum. Following the wedge breakout, the Akash Network token price maintains the upside movement with a bullish flag breakout and is currently forming a second consecutive bullish pattern.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/26131937/image-19-1024x509.webp" alt="AKT price chart" class="wp-image-385449">
</figure>  
<p><a href="https://www.tradingview.com/x/Zip2OEqk/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>The recovery bull run in the AKT price has increased by 86.85% from $2.11 to the current market price of $3.95. It has surpassed the 50% Fibonacci level at $3.52.</p>  
<p>The bullish flag pattern is currently challenging the 61.80% Fibonacci level priced at $3.9851. This coincides with a resistance zone near the $4.00 psychological mark. Hence, the Akash Network token price must surpass the resistance zone to prolong the ongoing rally.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators:</h3>  
<p>EMA: The increased bullish influence has resulted in a merger of the 50-day and 200-day EMA lines. This teases a golden crossover.&nbsp;</p>  
<p>MACD: The minor consolidation has resulted in a merger of the MACD and signal lines, a warning of a bearish crossover.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-akash-network-akt-price-hit-7-87">Will Akash Network (AKT) Price Hit $7.87?</h2>  
<p>Currently, the AKT price forms a bullish engulfing candle to complete a morning star pattern. This increases the chances of an uptrend continuation with a flag breakout.&nbsp;</p>  
<p>Based on the Fibonacci levels, the bullish trend continuation in AKT price will likely face challenges at $4.74 and $5.93. Beyond this, the price targets are at $7.87, which will result in a new all-time high for Akash Network.&nbsp;</p>  
<p>Hence, with a massive upside of nearly 100%, the AKT price is on the verge of a moonshot rally. Conversely, a downtrend bullish failure will likely detest the $3.5239.&nbsp;</p>  
<p>Will Akash Network reach the $10 price target? 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> to find out!</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732607247766"><strong class="schema-faq-question">What is driving the bullish trend in AKT price?</strong>
  <p class="schema-faq-answer">A falling wedge breakout, a bullish flag pattern, and the potential golden crossover of 50-day and 200-day EMAs fuel the bullish trend.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732607251921"><strong class="schema-faq-question">What are the key resistance levels for the Akash Network rally?</strong>
  <p class="schema-faq-answer">Key immediate resistance levels are $4.00, $4.74, and $5.93.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732607252030"><strong class="schema-faq-question">What could invalidate the current AKT price uptrend?</strong>
  <p class="schema-faq-answer">A bearish crossover in MACD or a breakdown below the $3.5239 Fibonacci level could invalidate the bullish momentum.</p>
 </div>
</div>

Bullish Flag Breakout: Will AKT Price Trigger a New All-Time High?

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