AKT price has traded at $2.69, ranking 87th
Over the past year, the AKT cryptocurrency has shown a strong bullish trend in the larger timeframe analysis, with its price following a consistent upward trajectory. This consistent positive movement drove up the price, reflecting positive market sentiment towards the token.
AKT PriceAKT Token Daily Price Chart | Source: Tradingview
Recently, the AKT price experienced profit booking from its elevated levels, leading to a decline towards the $1.80 mark. However, the price has found support at these lower levels, forming a higher high swing, which often signals a potential reversal.
Recently, the price of AKT has seen profit-taking from its elevated levels, leading to a dip towards the $1.80 mark. However, its price has found support at these lower levels and has formed a higher high swing, which often indicates a potential reversal in the price trend.
Should AKT break above the $4.00 level and closes above it on the daily chart, it could signal the beginning of another surge. Such a breakout would potentially attract more buyers. Thus, reinforcing the bullish trend and potentially driving the AKT to new highs.
Earlier this year, AKT peaked at the beginning of 2024 before experiencing a significant drop. However, the recent formation of support near a notable buying zone suggests a potential rebound, where an earlier boost was witnessed.
On the daily chart, the 50-day and 200-day EMAs (Exponential Moving Averages) have traded in what is known as a death cross, while the token price advanced above the 50-day EMA. This indicates volatility in the AKT price which might lead to potential uncertain moves in the future.
At the time of writing, the AKT price has traded at $2.69, ranking 87th with a market cap of $668.93 Million.
The MACD and the signal line traded in a golden cross with a histogram at 0.0314 and were headed toward the bullish trajectory. This might lead the AKT price to bullish momentum in the future if the increase continues. Likewise, the RSI was at 48.73 and sustained above the 14-day SMA.
Therefore, based on price structure, the support lies at $0.541 and $1.821, followed by the resistance levels of $5.01 and $7.01, respectively.
AKT PriceAKT Token Daily Price Chart | Source: Tradingview
Recently, the AKT price experienced profit booking from its elevated levels, leading to a decline towards the $1.80 mark. However, the price has found support at these lower levels, forming a higher high swing, which often signals a potential reversal.
Recently, the price of AKT has seen profit-taking from its elevated levels, leading to a dip towards the $1.80 mark. However, its price has found support at these lower levels and has formed a higher high swing, which often indicates a potential reversal in the price trend.
Should AKT break above the $4.00 level and closes above it on the daily chart, it could signal the beginning of another surge. Such a breakout would potentially attract more buyers. Thus, reinforcing the bullish trend and potentially driving the AKT to new highs.
Earlier this year, AKT peaked at the beginning of 2024 before experiencing a significant drop. However, the recent formation of support near a notable buying zone suggests a potential rebound, where an earlier boost was witnessed.
On the daily chart, the 50-day and 200-day EMAs (Exponential Moving Averages) have traded in what is known as a death cross, while the token price advanced above the 50-day EMA. This indicates volatility in the AKT price which might lead to potential uncertain moves in the future.
At the time of writing, the AKT price has traded at $2.69, ranking 87th with a market cap of $668.93 Million.
The MACD and the signal line traded in a golden cross with a histogram at 0.0314 and were headed toward the bullish trajectory. This might lead the AKT price to bullish momentum in the future if the increase continues. Likewise, the RSI was at 48.73 and sustained above the 14-day SMA.
Therefore, based on price structure, the support lies at $0.541 and $1.821, followed by the resistance levels of $5.01 and $7.01, respectively.
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