$AKT price experienced a significant inflow post-listing on Upbit Global, indicating the continuation of the ongoing uptrend.
The Akash Network token demonstrated resilience above the critical $3 psychological level, aligning with the 50% Fibonacci retracement level.
Despite a recent dip below the established support trendline, $AKT price remains dominant above the 200-day EMA.
#Akash Network price action displays a bounce off the trendline, accompanied by a surge in bullish momentum.
However, AKT price faced resistance at the $6.50 level, as evidenced by a rejection with a long-wick in a daily candle.
This rejection suggests a potential retest of the $5 support level to confirm sustainability for higher price levels.
A daily close above the previous all-time high of $6.50 on March 11, 2024, could pave the way for targets at $7.50 and eventually the psychological milestone of $10.
According to Coin Gabbar analysis,Conversely, a reversal may prompt a retest of the support trendline's bullish integrity.
KEY LEVELS :
RESISTANCE LEVEL : $7.00-$10.00
SUPPORT LEVEL : $4.00-$2.50
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