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Akash Network

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<p>Akash Network is one of many top performers amid the broader market recovery. Crossing above the $4 barrier, the bullish trend aims to prolong the parabolic rally.&nbsp;</p>  
<p>Will the new breakout rally reach the $5.93 target this December? Let's find out in Coinpedia’s latest AKT price analysis.&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 shows a second flag pattern, gaining momentum. With three consecutive bullish candles, the AKT price has surged from $3.61 to a peak of $4.38.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/29130439/image-30-1024x509.webp" alt="AKT price chart" class="wp-image-386942">
</figure>  
<p><a href="https://www.tradingview.com/x/zj7Lpvl8/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>The triple white soldiers' pattern accounts for a price jump of nearly 22%. Furthermore, it surpasses the long-standing resistance zone, extending from $4 to $4.12.&nbsp;</p>  
<p>The intraday pullback of 2.59% comes as a potential retest of the bullish breakout. As the recovery rally has surpassed the 67.80% Fibonacci level, the uptrend continuation is more likely.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators:</h3>  
<p>Following the golden crossover, the 100-day and 200-day EMA are closing the gap for a new bullish crossover. Furthermore, the MACD and signal line maintain a positive alignment by avoiding a negative crossover possibility. Hence, the technical indicators are siding with the bullish team.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-akash-network-price-cross-5">Will Akash Network Price Cross $5?</h2>  
<p>Based on the Fibonacci retracement tool, the upside price targets beyond the immediate $4.74 resistance level are $5.93 and $7.87. On the flip side, the crucial support remains at the $4 mark, followed by the $3.52.&nbsp;&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-1732865581638"><strong class="schema-faq-question">What triggered the recent AKT price surge?</strong>
  <p class="schema-faq-answer">A triple white soldiers pattern and a bullish breakout from the $4-$4.12 resistance zone.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732865590284"><strong class="schema-faq-question">What are the immediate support and resistance levels for AKT?</strong>
  <p class="schema-faq-answer">Support is at $4 and $3.52; resistance is at $4.74, and higher targets are at $5.93 and $7.87.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732865591111"><strong class="schema-faq-question">Do the technical indicators favor a bullish continuation for AKT?</strong>
  <p class="schema-faq-answer">Yes, indicators like the golden EMA crossover and MACD alignment support the uptrend.</p>
 </div>
</div>

AKT Price Analysis: Flag Breakout Run Targets $5.93

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