Akash Network (AKT) Price Prediction: 2025 Forecast and Trends

Akash Network (AKT) Price Prediction: 2025 Forecast and Trends

Technical Analysis

Price Action:

Akash Network (AKT) Price Prediction: Where Will AKT Be in 2025? The chart shows that Akash Network (AKT) is currently trading around $2.40.
A clear downtrend can be observed after reaching a high point near $7.00, followed by a correction that brought the price back to its current levels.

The current price is sitting slightly below key moving averages (MA), such as the 50-week (green) and 200-week (yellow) moving averages. This could indicate bearish momentum in the medium term.

Support and Resistance Levels:
The key resistance levels are at $2.65 and $3.36, based on recent historical price levels and the moving averages shown on the chart.

The current support level lies at $2.40 and a lower support level around $2.20.
If the price fails to hold above $2.40, it may test the lower support at $2.20, while a break above $2.65 could lead to a potential test of the $3.36 resistance.

RSI Indicator:

The RSI (Relative Strength Index) is currently around 42.76, which suggests the market is in a neutral-to-slightly bearish territory. Typically, an RSI below 50 indicates that sellers are in control, but it’s not in oversold conditions yet.

A further drop in RSI toward the 30 level could suggest an oversold condition, which may prompt a potential rebound if buying pressure increases.

Akash Network (AKT) Price Prediction : Current Market Sentiment

Lately, Akash Network (AKT) has been underperforming, and several factors have contributed to its recent decline. AKT’s price drop from a high of around $7.00 to its current level of $2.40 is reflective of a combination of macroeconomic trends and project-specific challenges.

One major reason for the decline is the broader cryptocurrency market’s bearish sentiment. Many altcoins, including AKT, have been struggling due to reduced investor confidence, regulatory uncertainties, and a slowdown in speculative trading. Furthermore, the general market downturn and liquidity issues across various projects have also contributed to Akash’s poor performance.

Another reason behind Akash’s current struggles is the competitive nature of the decentralized cloud infrastructure space. As more projects emerge with similar offerings, Akash Network faces increased competition, which may slow down its adoption and affect investor confidence. The lack of major new partnerships or technological breakthroughs in recent months has also led to a loss of momentum for the project.

Lastly, investor concerns about inflation, interest rates, and geopolitical factors have pushed many traders to exit positions in smaller altcoins like AKT, preferring to hold more stable assets like Bitcoin or Ethereum. This broader market trend has hit AKT hard, contributing to its downward trajectory.

Despite these challenges, Akash Network has strong fundamentals, and with time, it could recover if the market conditions improve and demand for decentralized cloud computing solutions grows. However, in the short term, AKT is likely to face continued price pressure.

Moving Averages:

The price is below both the short-term and long-term moving averages (green and yellow lines), suggesting a bearish sentiment in the market.

If the price can break above the moving averages, it may signal a reversal or consolidation phase leading to potential gains.

Akash Network (AKT) Price Prediction for 2025

Short-term outlook (end of 2024): Based on current technical indicators, AKT may remain in a consolidation phase between $2.20 and $3.36 for the next few months. However, if there is a significant market reversal, especially within the broader cryptocurrency market, it could retest previous highs of $5.00.

Long-term outlook (2025): By 2025, if Akash Network continues to grow its decentralized cloud computing services and the demand for decentralized infrastructure solutions increases, the project has the potential to regain bullish momentum.

Considering the broader market adoption of decentralized technologies, a price range between $6.00 and $10.00 is a reasonable estimate for 2025, assuming market conditions are favorable, and there is a resurgence in demand for AKT tokens due to network growth and partnerships.

Key Factors for 2025 Price

Market conditions and Bitcoin’s market cycle.
Growth and adoption of Akash Network’s decentralized cloud solutions.
Partnerships and technological developments within the Akash ecosystem.
Regulatory landscape and overall sentiment in the cryptocurrency market.

Overall, the price action and technical indicators show that AKT might experience some short-term bearish movement, but the long-term potential remains strong based on the project’s fundamentals.