Akash Network Price Prediction 2025: AKT Up on Binance News, Mid-Term Outlook Weak

Key Takeaways

• Akash Network’s AKT is the best-performing artificial intelligence project.
• AKT shot up in November following the launch of a Binance perpetual contract.
• Our price prediction suggests that Akash Network could continue rising to $5.60 next year.
• Interested in buying or selling AKASH NETWORK AKT coin? Read our review of the best exchanges to buy and sell AKASH NETWORK AKT.

Akash Network has been one of crypto’s biggest success stories in recent years. The cloud computing platform’s AKT coin rose more than ten times throughout 2023.

A string of announcements helped Akash Network become one of the sector’s biggest gainers. Parent company Overclock Labs purchased the Cloudmos protocol, making its code open-source. A hackathon and the announcement that it was allowing people to use the USD Coin (USDC) stablecoin saw it grow further. Not only that, but it said it would upgrade its mainnet.

In November 2024, Binance Futures launched an AKT perpetual contract , which boosted the token’s price,

On Nov. 19, 2024, AKT was worth about $4.20.

Let’s examine our price predictions for Akash Network, made on Nov. 19, 2024. We will also examine the AKT price history and discuss what it is and does.

Akash Network Price Prediction

Here are the Akash Network price predictions from CCN on Nov. 19, 2024. Price forecasts should be taken cautiously, especially for something as volatile as crypto. Our AKT crypto price predictions will use the wave count method to predict its future movement.

We will add and remove 20% from the target price to provide a range of possible outcomes, resulting in minimum and maximum AKT price predictions.

The most likely wave count suggests that AKT started a five-wave upward movement (white) in November 2022. According to the count, the price of AKT has completed or is nearing the completion of wave four.

If this is the case, AKT will begin the fifth and final wave of the upward movement soon. The most likely target for the top is at $10.18-$10.36.

This area is created by the 1.61 external Fibonacci retracement of wave four and by giving wave five 1.61 times the length of wave one. If wave five has 1.61 times the duration of wave one, this high will be reached in December 2025.

Then, we can project a decreased shape similar to the one after the March 2021 high. If this correction has the same length as the preceding upward movement, it will end at the beginning of 2027.

During these projected upward and downward movements, the wave count method gives AKT price predictions of $ and $ for the end of 2024 and 2025, respectively.

Finally, we use the rate of increase for the past five years to make an Akash Network price prediction for the end of 2030. The AKT price has increased by 620% since November 2020, leading to a daily rate of increase of 0.58%.

Projecting this rate of increase until the end of 2030 leads to a price of $8.70. Adding and removing 20% to this target leads to our minimum and maximum Akash Network price predictions.

Akash Network Price Prediction for 2025

Our AKT price prediction for the end of 2025 suggests the price will be in a prolonged correction during this time, giving a target of $4.70.

Akash Network Price Prediction for 2026

Our AKT price prediction for the end of 2026 suggests the price will be nearing the end of the correction, giving a target of $2.10.

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Akash Network Price Prediction for 2030

The Akash Network price prediction for the end of 2030 uses the current rate of increase. If a similar rate of increase continues for the foreseeable future, a price between $7.30 and $10.02 is likely.

AKT Price Analysis

The weekly time frame AKT chart shows that the price created three consecutive bullish weekly candlesticks, reaching a 259-day descending resistance trend line that has existed since the all-time high.

The upward movement started after AKT created a double-bottom pattern between July and November.

This is the fifth time (black icons) the price has reached the trend line. Because of the frequent touches, an eventual breakout is likely. If AKT breaks out, the final resistance area will be at $6, created by the all-time high region.

During this increase, AKT also cleared the $3.70 horizontal area, which has existed as both support and resistance since February.

Technical indicators support the increase, predicting a breakout from the resistance trend line. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) generated bullish divergences while the price formed its double bottom, legitimizing the bullish pattern.

Afterward, the RSI moved above 50 while the MACD made a bullish cross. The previous time the RSI crossed above 50 catalyzed the upward movement that led to the all-time high price.

Short-Term AKT Price Prediction

The AKT price prediction for the next 24 hours depends on whether the price breaks out from the long-term resistance trend line or gets rejected. A successful breakout can accelerate the upward movement while a rejection could cause a retracement.

Akash Network Average True Range (ATR): AKT Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

On Nov. 19, 2024, the weekly ATR for AKT was 0.3929, a sign of relatively high volatility.

Akash Network Relative Strength Index (RSI): Is AKT Overbought or Oversold?

The RSI is a momentum indicator traders use to determine whether the trend is overbought or oversold. Movements above 70 and below 30 are signs of an overbought and oversold trend, respectively.

Movements above and below the 50 line also indicate if the trend is bullish or bearish. On Nov. 19 2024, AKT’s RSI was 78, suggesting it was overbought.

CCN Strength Index

The CCN Strength Index combines an array of advanced market signals to quantify the strength of individual cryptocurrencies over a recent 30-day period.

Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.

• 0 to 24: Assets exhibit significant weakness, showing signs of sustained downtrend behavior.
• 25 to 35: The price tends to move within stable bounds with minimal volatility.
• 36 to 49: Assets begin a stable uptrend but without strong surges.
• 50 to 59: Consistent growth with moderate price advances, building momentum.
• 60+: Sharp price movements and high demand indicate stronger volatility and trend shifts.

The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.

However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but the score will slowly adjust back up as volatility decreases.

On Nov. 19, 2024, AKT scored 71.4 on the CCN Index, suggesting momentum strong enough to potentially cause a trend shift.

Best Days and Months to Buy AKT

We examined the AKT price history and found the lowest prices on certain days, months, quarters, and weeks in the year, indicating the best times to buy AKT.

Akash Network Price Performance Comparison

Akash Network is part of the Artificial Intelligence category of cryptocurrencies, so let’s compare it with other projects with similar market capitalizations.

AKT Price History

Let’s delve into the highlights and lowlights of Akash Network’s price history . While past performance doesn’t guarantee future results, understanding its historical movements can offer valuable context for interpreting Akash Network’s price predictions.

AKT Market Cap

The market capitalization, or market cap, is the sum of the total number of AKT in circulation multiplied by its price.

On Nov. 19, 2024, the AKT market cap was $651 million, making it the 98th largest crypto by that metric.

Akash Supply and Distribution

From the Whitepaper

In its technical documentation or whitepaper , Akash Network describes its cloud infrastructure network as decentralized, competitive, and able to distribute applications between multiple cloud service providers around the globe.

Akash Network (AKT) Explained

Akash Network is a platform that aims to allow people to buy and sell computing resources on the cloud. This means it can allow people to work online without worrying about data storage. 

Computing company Overclock Labs created Akash in 2018. Computing experts Greg Osuri and Adam Bozanich co-founded the business.

The AKT coin supports the Akash Network, which was originally based on the Cosmos (ATOM) blockchain.

How Akash Network Works

Akash Network uses a Proof-of-Stake (PoS) consensus mechanism. This means that people can verify transactions and add blocks to the blockchain based on how much AKT they hold. 

The Akash Network creates storage applications called containers. These are leased to tenants. In turn, providers offer storage space for tenants. 

AKT itself pays for transactions on the network. Holders can vote on changes to Akash Network. People can also buy, sell, and trade AKT on exchanges.

Is Akash Network a Good Investment?

The Artificial Intelligence category has not performed well despite significant hype in 2024, possibly due to Nvidia’s massive increase. However, AKT has been one of the best performers in the category. Our predictions suggest there could well be a significant downturn in 2026.

Will Akash Network go up or down?

No one can really tell right now. While the Akash Network crypto price predictions are largely positive, at last, in the short and long term, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.

Should I invest in Akash Network?

Before deciding whether to invest in Akash Network, you must do your own research on AKT and other similar coins and tokens. Either way, you must also ensure you never invest more money than you can afford to lose.

Technical analysis by Valdrin Tahiri

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