Akash Network (AKT) Price Soars 45% — Long-Term Correction Might be Over

Akash Network has been one of the best-performing assets in the crypto market this week, rallying by 45%.

The price rally coincided with positive news from the Akash Network team regarding releasing the new model Qwen3.

The rally has increased optimism that AKT’s correction is over and new highs will occur in 2025. Let’s examine the charts and see if this is likely.

AKT Price Reaches Resistance

The AKT analysis shows that the price fell over 87% since its all-time high of $7.10 in April 2024.

The price accelerated its downward movement after a lower high in December 2024.

AKT fell to a low of $0.85 in April before bouncing and creating three successive bullish weekly candlesticks.

The price is in the process of creating the fourth one and has reached the $1.80 resistance area, a critical level previously providing support.

Technical indicators show some bullish signs but have not confirmed the upward movement yet.

The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing.

However, the RSI is below 50, while the MACD has not made a bullish cross yet (black circle).

As a result, the weekly time frame analysis does not confirm whether the AKT price will break out.

AKT Correction Over?

The long-term wave count suggests Akash Network has completed an A-B-C structure (red) since the all-time high.

Waves A and C had an exactly 1:1.61 ratio, which is standard in such corrective structures.

The overlap between the recent high and the wave A low (red line) confirms the correction is over and suggests Akash Network’s price has started a new upward movement.

However, the short-term outlook suggests a local top is close.

The six-hour chart reveals that AKT is in wave three of a five-wave upward movement, which may end soon.

The RSI has generated a bearish divergence, indicating a local top is close.

If AKT begins to fall, it could reach the 0.382-0.5 Fibonacci retracement support levels at $1.42-$1.52.

Then, wave five can take the Akash Network price to new highs.

Bullish AKT Trend

This week, the AKT price has paced the crypto market with a 45% rally.

The long-term trend indicates the AKT correction is over, and new highs are likely.

However, the short-term Akash Network price prediction suggests a local top is close, and a retracement could occur soon.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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