Date: Thu, May 01, 2025 | 12:36 PM GMT
In the cryptocurrency market over the past month, major tokens are beginning to show signs of recovery after suffering heavy corrections in Q1. Among the top performers, Akash Network (AKT) has gained attention with a strong 47% rally, triggered by clear technical breakouts on the daily chart.
Meanwhile, Arweave (AR)—which experienced a similar steep correction—is now showing signs of life. The token has moved up 8% over the past 30 days, and technical indicators suggest it might be preparing for a stronger rally, potentially echoing AKT’s recent move.
AKT and AR Fractal Analysis
As illustrated in the chart, AKT (left side) experienced a deep 55% correction earlier this year. After bottoming out around $0.85 on April 7, the token reversed sharply, flipping the 50-day and 100-day moving averages (MAs) into support levels. This upward momentum has taken AKT to $1.70, marking a 51% rally from the lows.
Price is now testing resistance near $1.75, marked in green. A clean break above this level could pave the way for a move toward the upper resistance zone between $1.90 and $1.95, highlighted in blue.
On the right side, Arweave (AR) seems to be mirroring the same structure. AR also dropped about 55%, reaching a low of $4.63 on April 7. Since then, it has cleared the 50-day MA and is now trading at $6.94, just beneath the 100-day MA around $8.11—a critical resistance level.
If AR follows AKT’s lead and breaks above the 100-day MA, it could potentially target the next major resistance zone around $8.99, representing a 49% move from its breakout point.
What’s Ahead?
If Arweave (AR) can decisively break and hold above the 100-day MA, it may confirm the ongoing fractal and spark renewed buying interest—just as we saw with AKT. Momentum could carry it into the next resistance region, completing the pattern.
However, traders should watch closely for potential rejection zones. Failure to break key resistance may lead to a period of sideways consolidation or even another pullback.
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