Date: Wed, Jan 07, 2026 | 06:20 AM GMT
The broader cryptocurrency market continues to show strong New Year momentum, with Bitcoin (BTC) up around 4% and Ethereum (ETH) gaining over 9% on a weekly basis. This improving sentiment is gradually spilling over into major altcoins — including the DePIN-focused token Akash Network (AKT).
AKT has already posted an impressive 20% weekly gain. While this short-term strength has caught traders’ attention, the more important development is unfolding on the higher-timeframe chart. Recent price action suggests a meaningful shift in market structure, hinting that AKT may be transitioning out of a prolonged corrective phase and into the early stages of a bullish continuation.
Falling Wedge and Rounding Bottom in Play
On the daily chart, AKT has been trading within a broader falling wedge — a structure that often precedes bullish reversals as selling pressure gradually weakens. Within this larger wedge, price action is also shaping a developing rounding bottom pattern, reflecting steady accumulation and seller exhaustion.
The formation began after AKT faced strong rejection near the $0.5441 resistance zone in late November. That rejection triggered a sharp sell-off, pushing price lower toward the $0.3465 region. However, bears failed to extend losses beyond this area. Instead, demand stepped in, downside momentum slowed, and price began to stabilize.
Over the following weeks, volatility compressed and AKT started to curl higher in a smooth, rounded fashion — closely matching the textbook behavior of a rounding bottom. Importantly, the recent rebound has pushed price back above the 50-day moving average around $0.4333, a level that had previously acted as resistance and is now beginning to flip into support.
What’s Next for AKT?
If AKT can continue to hold above the 50-day moving average, this area may act as a solid base for further upside attempts. From here, attention shifts toward the descending resistance trendline of the falling wedge, which aligns closely with the $0.5441 resistance zone.
A clean and decisive breakout above this confluence area, followed by sustained acceptance, would confirm a broader bullish expansion phase and mark a clear trend reversal from the prior downtrend. Such a move would likely attract renewed momentum participation as the market recognizes the structural shift.
Until that breakout occurs, the pattern remains in development. Short-term consolidation or shallow pullbacks are still possible as price digests recent gains. However, as long as AKT continues to print higher lows above the established base, the broader technical structure remains constructive.
Overall, the chart suggests AKT is approaching a critical inflection point — one that could determine whether this recovery evolves into a sustained bullish trend as 2026 progresses.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.
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.
