akash network (ACT) showed strong price performance, with a notable increase of 20% over the past week, amid widespread market volatility.
The token has managed to reclaim its 20-day exponential moving average (EMA), suggesting that further upward movement is possible. AAVE and KASPA are also in the green this week.
Akash Network (AKT) Stock Rebound
Looking at the charts, AKT has rebounded from its support level at $2.80 and is up more than 20% in the past week, indicating an uptrend that is likely to continue. Analysts note that the token could extend its gains towards the 50-day EMA mark.
Price analysis indicates a possible five-wave pattern on… AKT/USDT Chart, considering the current movement as a correction within a broader wave structure. This pattern could set the stage for a significant upward movement during the upcoming altcoin season.
At press time, Akash is trading at around $3.60.
Basically, Akash Network focuses on driving… transformation In cloud computing by leveraging blockchain technology to create a decentralized, open source market for cloud services.
As the ecosystem expands, AKT is expected to play a crucial role in facilitating and securing these decentralized cloud services.
In April, Akash’s stock surged more than 50% to nearly $7 after it was listed on South Korea’s Upbit exchange, pushing its market cap to over $1 billion.
In addition, Crypto.com foot On-chain staking for AKT via their app, offering users rewards of up to 19%. Furthermore, AKash a partner With Coinbase Prime to provide institutional-grade custodial services for AKT, with the aim of increasing institutional participation.
AKT has a market cap of $871.91 million and a 24-hour trading volume of over $21 million.
Average price increased by 18%.
ghost (ghost) rose by 18% last week. It rose from around $79 to over $96, outpacing the broader cryptocurrency market, which fell 3.8% over the same period.
This strong performance underscores Aave’s strong momentum despite the overall market decline.
Aave is currently trading at around $94.96 in a horizontal channel pattern. This indicates a sideways trend with potential resistance levels at $155.44 and support at $90.23 and $50.39.
Meanwhile, this year’s technical indicators are showing promising signs: the 50-day moving average (50MA) is pointing to an uptrend, the Relative Strength Index (RSI) is neutral at 69.77, and despite the low relative volume (RVOL), the Relative Volatility Index (RVI) is indicating high market volatility with the ADX at 22.11, indicating weak trend momentum.
Throughout 2023, Aave has introduced important updates, including enhanced lending and borrowing features, enhanced security measures, and the integration of new DeFi protocols. The community has also backed Seamless, a fork protocol to provide an alternative solution to decentralized lending.
Earlier this year, ghost It surpassed $100, and the AAVE wallet-loaded token held 17.09% of the token’s supply by June, indicating growing adoption.
Analysts expect continued growth, and expect the price to range from a low of $82.11 to an average of $187.04, potentially reaching a maximum of $200.33 by the end of the year.
“Kasba” records an increase of 20.5%
Caspian sea (What) rose more than 20% in the past week, and is now trading above the critical resistance level at $0.15. The recent price action has formed a “falling wedge” pattern, with major support identified around $0.123.
Technical analysis shows that a breakout above the lower trend line could signal a potential retest of higher resistance levels. This indicates an improvement in market sentiment towards Kaspa stock.
According to technical indicators, the 50-day moving average (50MA) is indicating a potential uptrend, sitting above the current price; the Relative Strength Index (RSI) is currently in the overbought zone at 75.2, indicating a potential pullback in price; the Average Directional Index (ADX) at 35.7 indicates strong trend momentum, while the Relative Volatility Index (RVI) at 68.4 shows moderate volatility within the market. There are several factors driving the potential growth of Kasba stock.
a Coming Upgrading Rust is expected to enhance network efficiency and compatibility, making Kaspa even more attractive. The hash rate is also increasing Indicates Enhance network security and increase miner participation, which enhances confidence in the project.
At the time of writing, Kaspa (What) is trading at $0.18, with a 24-hour trading volume of over $47.2 million.