Akash Network price prediction: Despite ‘no downtime’ feat, AKT remains bearish
The long-term trend was bearish, and the next AKT price targets are $0.533 and $0.456.
Key Takeaways
Why is the AKT price outlook bearish?
The trend for the altcoin has been bearish throughout 2025, and the coin will be targeting new lows due to the overall seller dominance.
What should Akash Network bulls watch out for?
A price move beyond the $1 level would be the first sign that bulls were back in control. Even then, a quick recovery would likely be tough.
Distributed cloud computing protocol Akash Network [AKT] was in the news recently when it suffered no downtime while Amazon Web Services went down for hours. Its founder, Greg Osuri, celebrated this as a success.
He had also explained in a post on X that the project will migrate to a new network. They are paying attention to chains whose performance was impacted by the AWS outage, he revealed.
The protocol mentioned the burn mint equilibrium model in a post on X. The model aims to boost the structural demand for AKT and reduce effective circulating supply.
What does the price action reveal about AKT’s potential future trends?
Bearish long-term trend dismays Akash Network investors
The weekly chart of AKT showed a long-term downtrend in progress. Even the market-wide rally in November-December 2024 failed to set new highs for the year. Instead, it fell just short of the $5 mark.
In the eleven months that followed, the price of Akash Network token has declined another 86%. The $2-$2.5 zone had been a strong support level in 2024, but was retested as resistance in May 2025.
A similar scenario may develop with the $0.78-$1 supply zone above AKT prices. The $0.766 level crumbled under selling pressure, and the $0.63 support could be the next target.
The moving averages and the RSI highlighted persistent bearish momentum in the market. The OBV was sinking toward the 2025 low, another sign of seller dominance.
On the 12-hour chart, the bearish outlook was just as strong. The crash beneath the psychological $1 level has left a large imbalance, aligning with the higher timeframe supply zone.
The OBV was making new lows, and the RSI continued to show firm bearish momentum.
Using the previous week’s swing move southward, a set of Fibonacci extension levels were plotted. The next price targets for AKT are $0.533 and $0.456, according to the extension levels.
Meanwhile, a move back above $1 would be needed to signal a potential halt to the downtrend. Since the long-term trend was downward, investors and traders might not want to bet on a quick recovery.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
