Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Akash Network (AKT) To Rebound? Key Emerging Fractal Signaling Potential Upside Move

Akash Network (AKT) To Rebound? Key Emerging Fractal Signaling Potential Upside Move

2025/07/04 16:15
By:

Date: Fri, July 04, 2025 | 09:38 AM GMT

The cryptocurrency market has kicked off Q3 with strong upside momentum, continuing the bullish trend from Q2, where Ethereum (ETH) jumped 36% and is currently trading around the $2,550 level — across lifting up major altcoins .

However, Akash Network (AKT), the DePIN token, is still lagging behind, having remained in a continuous downtrend over the past 90 days. But beyond the red candles, the current chart pattern — now mirroring a breakout structure recently seen in SEI — is hinting at a potential rebound.

Akash Network (AKT) To Rebound? Key Emerging Fractal Signaling Potential Upside Move image 0 Source: Coinmarketcap

Fractal Pattern: AKT Follows SEI’s Breakout Playbook

A side-by-side comparison of the daily charts for SEI and AKT reveals a near-perfect match in structure.

SEI previously traded inside a falling wedge, a well-known bullish reversal pattern. After weeks of downward consolidation, SEI broke out above the wedge, crossed the 100-day moving average, and quickly surged by over 76%, eventually clearing its 200-day MA and confirming a trend reversal.

Akash Network (AKT) To Rebound? Key Emerging Fractal Signaling Potential Upside Move image 1 SEI and AKT Fractal Chart/Coinsprobe (Source: Tradingview

Now, AKT appears to be following the same script.

It has just broken out of its falling wedge and is currently moving towards the resistance area near the 100-day moving average (~$1.29). If momentum builds and buying volume picks up, AKT could stage a similar explosive rally — putting it right where SEI was before it launched higher.

What’s Next for AKT?

If AKT manages to reclaim the 100-day MA, the next upside target is the 200-day moving average at around $1.78 — representing a potential 63% rally from current levels near $1.09.

However, it’s not a guaranteed move. If AKT fails to attract sufficient buying volume, it may struggle to confirm the breakout, leading to a longer consolidation phase below the 100-day MA.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Micron now earns more than Apple! Apple urgently needs chips, Micron holds pricing power.

Micron Technology reported a net profit of $37.7 billion in the fourth fiscal quarter, surpassing Apple's $29.8 billion for the same period, thus becoming the more profitable company for the quarter. The memory shortage has given Micron strong pricing power, with its CEO stating that they “cannot meet customer demand.” The revenue guidance for next quarter is as high as $61.5 billion. Meanwhile, Apple's gross margin continues to be pressured by persistent memory costs, having dropped from 49.3% to a guidance range of 46.5%.

华尔街见闻•2026/10/11 10:06

The "Eye of the Storm" in the Global Economy: Debt Crisis in Developed Countries

The IMF warns that developed economies are becoming the "eye of the storm" for global debt risks. Countries such as the United States and France accumulated high levels of debt during periods of low interest rates, but now rising interest rates are pushing up repayment costs, and fiscal consolidation faces political resistance. BofA Securities points out that the United States is facing declining tax revenues, France has structural income decline issues, and the UK and Japan are also under pressure. The deteriorating debt sustainability of developed countries may impact global financial markets through shocks in interest rates and capital flows.

华尔街见闻•2026/10/11 09:21