{"id":62404,"date":"2023-08-08T14:16:39","date_gmt":"2023-08-08T14:16:39","guid":{"rendered":"https:\/\/coinjournal.net\/news\/akash-network-price-outlook-can-bulls-push-for-1\/"},"modified":"2023-08-08T14:16:39","modified_gmt":"2023-08-08T14:16:39","slug":"akash-network-price-outlook-can-bulls-push-for-1","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/","title":{"rendered":"Akash Network price outlook: can bulls push for $1?"},"content":{"rendered":"\n<ul>\n<li dir=\"ltr\">Akash Network price was up 12% in the past 24 hours.<\/li>\n<li dir=\"ltr\">The AKT\/USD pair reached highs near $0.70, and needs to flip the hurdle into support to strengthen upside momentum.<\/li>\n<li dir=\"ltr\">Hype around AI and cloud computing could add to the bullish outlook.<\/li>\n<\/ul>\n<p dir=\"ltr\">Akash Network, a decentralized marketplace for cloud computing, has seen the price of its native token AKT jump by more than 12% in the past 24 hours.<\/p>\n<p dir=\"ltr\">While the resistance level at $0.70 remains key for bears, bulls&#8217; sharp bounce over the past day has AKT trading in a positive trend. With <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/tag\/altcoins\/\">altcoins<\/a> also mirroring Bitcoin&#8217;s trajectory, the latest upsurge could be the base for a fresh attempt at recapturing the coveted $1.00 level.<\/p>\n<h2 dir=\"ltr\">Akash Network price prediction<\/h2>\n<p dir=\"ltr\">Selling pressure saw AKT lose the important $1.00 level in May 2022, with lows of $0.22 reached in May this year. Since then, bulls have hit the $0.75 zone twice in the past two months. However, rejection at the level meant a retest of support at $0.50 in mid-July.<\/p>\n<p dir=\"ltr\">Prices have however remained above an ascending trendline support, suggesting bulls are still determined to reclaim the upper hand. If price breaks above $0.75, it could go on to retest the supply wall expected at $1.00.<\/p>\n<p dir=\"ltr\">Part of the Akash Network&#8217;s bullish momentum is likely to come from the launch of its Akash GPU mainnet. After successfully navigating the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/akashnet_\/status\/1662134249988960258\">testnet<\/a> in May, with multiple AI models tested on the NVIDIA A100, Akash moved a step closer to offering the first open-source marketplace for HD GPUs.&nbsp;<\/p>\n<p dir=\"ltr\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NVIDIA H100s remain in record-high demand, but distribution is still limited and inefficient.<\/p>\n<p>The launch of the Akash GPU Mainnet is almost here, which will create the first open-source marketplace for high-density GPUs.<\/p>\n<p>The world is ready for the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/AISupercloud?src=hash&amp;ref_src=twsrc%5Etfw\">#AISupercloud<\/a>. <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.co\/y6OTupy9iZ\">https:\/\/t.co\/y6OTupy9iZ<\/a><\/p>\n<p>&mdash; Akash Network (@akashnet_) <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/akashnet_\/status\/1687139561174966279?ref_src=twsrc%5Etfw\">August 3, 2023<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p dir=\"ltr\">Excitement for what could be AI Supercloud, fueled by massive predictions for the artificial intelligence industry, will likely cascade into the AKASH market.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media.igms.io\/2023\/07\/08\/1691503576404-f7118642-114b-4000-bc00-15b0ae54997c.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"267\"><span class=\"fr-inner\">Akash Network price chart. Source:&nbsp;<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/xZIlONgz\/\">TradingView<\/a><\/span><\/p>\n<\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">The daily RSI indicates that momentum remains with the bulls, a scenario likely to be helped by a strengthening of the MACD indicator.&nbsp;<\/p>\n<p class=\"fr-img-space-wrap2\">Also key is the continued support of the 50-day exponential moving average, currently providing a base at $0.57.<\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/akash-network-price-outlook-can-bulls-push-for-1\/\">Akash Network price outlook: can bulls push for $1?<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Akash Network price was up 12% in the past 24 hours. The AKT\/USD pair reached highs near $0.70, and needs to flip the hurdle into support to strengthen upside momentum. Hype around AI and cloud computing could add to the bullish outlook. Akash Network, a decentralized marketplace for cloud computing, has seen the price of [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/akash-network-price-outlook-can-bulls-push-for-1\/\">Akash Network price outlook: can bulls push for $1?<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":62405,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,43],"tags":[],"class_list":["post-62404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Akash Network price outlook: can bulls push for $1? - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akash Network price outlook: can bulls push for $1? - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Akash Network price was up 12% in the past 24 hours. The AKT\/USD pair reached highs near $0.70, and needs to flip the hurdle into support to strengthen upside momentum. Hype around AI and cloud computing could add to the bullish outlook. Akash Network, a decentralized marketplace for cloud computing, has seen the price of [&#8230;] The post Akash Network price outlook: can bulls push for $1? appeared first on CoinJournal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T14:16:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/media.igms.io\/2023\/07\/08\/1691503576404-f7118642-114b-4000-bc00-15b0ae54997c.png\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/akash-network-price-outlook-can-bulls-push-for-1\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/akash-network-price-outlook-can-bulls-push-for-1\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"Akash Network price outlook: can bulls push for $1?\",\"datePublished\":\"2023-08-08T14:16:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/akash-network-price-outlook-can-bulls-push-for-1\\\/\"},\"wordCount\":389,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/akash-network-price-outlook-can-bulls-push-for-1\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/akash-network-price-outlook-can-bulls-push-for-1.png\",\"articleSection\":[\"Blockchain\",\"Crypto Currency News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/akash-network-price-outlook-can-bulls-push-for-1\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/akash-network-price-outlook-can-bulls-push-for-1\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/akash-network-price-outlook-can-bulls-push-for-1\\\/\",\"name\":\"Akash Network price outlook: can bulls push for $1? 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- CoinAlSat.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/","og_locale":"en_US","og_type":"article","og_title":"Akash Network price outlook: can bulls push for $1? - CoinAlSat.com","og_description":"Akash Network price was up 12% in the past 24 hours. The AKT\/USD pair reached highs near $0.70, and needs to flip the hurdle into support to strengthen upside momentum. Hype around AI and cloud computing could add to the bullish outlook. Akash Network, a decentralized marketplace for cloud computing, has seen the price of [&#8230;] The post Akash Network price outlook: can bulls push for $1? appeared first on CoinJournal.","og_url":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/","og_site_name":"CoinAlSat.com","article_publisher":"https:\/\/www.facebook.com\/coinalsat1","article_published_time":"2023-08-08T14:16:39+00:00","og_image":[{"url":"https:\/\/media.igms.io\/2023\/07\/08\/1691503576404-f7118642-114b-4000-bc00-15b0ae54997c.png","type":"","width":"","height":""}],"author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/#article","isPartOf":{"@id":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/"},"author":{"name":"Author","@id":"https:\/\/coinalsat.com\/#\/schema\/person\/6fa35040f9ef4ae108188eaeb3ef441b"},"headline":"Akash Network price outlook: can bulls push for $1?","datePublished":"2023-08-08T14:16:39+00:00","mainEntityOfPage":{"@id":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/"},"wordCount":389,"commentCount":0,"publisher":{"@id":"https:\/\/coinalsat.com\/#organization"},"image":{"@id":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/#primaryimage"},"thumbnailUrl":"https:\/\/coinalsat.com\/wp-content\/uploads\/2023\/08\/akash-network-price-outlook-can-bulls-push-for-1.png","articleSection":["Blockchain","Crypto Currency News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/","url":"https:\/\/coinalsat.com\/en\/akash-network-price-outlook-can-bulls-push-for-1\/","name":"Akash Network price outlook: can bulls push for $1? 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