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.
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.
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.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions in cryptocurrencies.