- AKT is forming a falling wedge pattern on the daily chart, a classic bullish setup that typically signals weakening selling pressure and potential upside breakout.
- The cryptocurrency recently tested key support at $0.95 and rebounded to around $1.06, now approaching the wedge's upper resistance trendline.
- A breakout above wedge resistance and the 100-day moving average at $1.18 could trigger a rally toward $1.50, representing over 40% upside potential.
- The breakout attempt comes amid strong October momentum in crypto markets, with Bitcoin and Ethereum posting 9% and 12% weekly gains respectively.
Date: Tue, Oct 07, 2025 | 04:59 AM GMT
As per its historical October performance, the cryptocurrency market is showing strong upside momentum. Over the past seven days, Bitcoin (BTC) and Ethereum (ETH) have surged by over 9% and 12%, respectively — a move that has lifted overall market sentiment. Riding this positive wave, major altcoins are flashing early bullish signals — and Akash Network (AKT) appears to be one of the most promising setups on the chart.
AKT has posted modest weekly gains, but its technical structure suggests that a larger bullish move could be in the making soon.
Falling Wedge Pattern in Play
On the daily chart, AKT is forming a falling wedge — a classic bullish pattern that typically signals weakening selling pressure and the potential for an upside breakout.
Recently, AKT’s correction brought the price down to the wedge’s lower boundary near $0.95, a key support zone that has once again held firm. Following this test, AKT rebounded strongly, recovering to around $1.06, and is now hovering just below the wedge’s upper resistance trendline.
Adding to this, the 100-day moving average (MA), positioned near $1.18, serves as a crucial confirmation level — bulls will need to reclaim this mark to validate a breakout and shift short-term momentum firmly in their favor.
What’s Next for AKT?
If buyers manage to break above the wedge resistance and sustain a close above the 100-day MA ($1.18), it could ignite a strong bullish continuation. In that scenario, AKT may rally toward its projected target near $1.50, representing an upside potential of over 40% from current levels. Such a breakout would not only mark the end of the multi-month consolidation phase but could also attract momentum traders looking to capitalize on the reversal, potentially fueling further gains.
However, if the breakout attempt fails, AKT could retest the support zone, where bulls must step in to defend the pattern structure and keep the bullish outlook intact.
For now, all eyes are on whether AKT can build enough momentum to break out of its wedge and kickstart a new leg higher in the days ahead.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
