ROSE And AKT Tokens To Surge 20% This Week As AI Tokens Regain Momentum?

The post ROSE And AKT Tokens To Surge 20% This Week As AI Tokens Regain Momentum? appeared first on Coinpedia Fintech News

With the increased price volatility in the crypto market, the Bitcoin price has successfully reclaimed the $69,000, resulting in a bullish rebound. Moreover, top altcoins have followed in their footsteps and displayed a similar trend in their respective portfolios.

Will the Artificial Intelligence (AI) category record a strong bullish bounce back this week amid increased price volatility in the cryptocurrency market?

Dive in as, in this article, we have covered the short-term analysis and price targets for Oasis Network (ROSE) and Akash Network (AKT).

ROSE Price Displays A Bullish Price Action:

The Oasis price continues to display a bullish price action by adding 13.18% within the past day and 16.52% over the past week. Furthermore, the AI token has added 38.58% within the past 30 days, indicating a bullish influence in the crypto space.

Oasis Network Price Analysis
TradingView: ROSE/USDT

Positively, the Cross EMA 50/200-day displays a high possibility of a Golden Cross in the 1D time frame, suggesting a strong bearish sentiment for the altcoin this week.

The technical indicator, RSI, shows a constant uptrend toward the overbought range, indicating an increase in the buying-over-selling pressure in the crypto space. Moreover, the average displays a bullish convergence, suggesting a positive outlook for the Oasis coin price in the coming time.

If the market holds the ROSE price above the support level of $0.11320, the bulls will regain momentum and prepare to test its upper resistance level of $0.161. Conversely, a bearish reversal could pull the Oasis Network price toward its crucial support level of $0.08775 this month.

Akash Network (AKT) Price Analysis:

After recording a correction of 26.46% by trading under a bearish sentiment over the past month, the AKT price has displayed a positive price action by adding approximately 4% to its portfolio within the past 24 hours.

Akash Network Price Analysis
TradingView: AKT/USDT

The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating an increase in the buying pressure in the market. Moreover, the average shows a recovery in the chart, suggesting a high possibility of a bullish reversal during the upcoming weeks.

If the market pushes the AKT crypto above the resistance level of $4.327, the bulls will regain momentum and prepare to test its upper resistance level of $6.20. However, if the bears overpowered the bulls, the Akash Network price will test its support level of $3.212.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

post-thumbnail
Polygon and Ethereum Investment Innovation: Spiko Launches Tokenized Mutual Funds for US Treasury and European Bonds
Two tokenized mutual funds for the US Treasury and European Bonds have been launched by Spiko and wi...
READ MORE
post-thumbnail
Cardano Founder Speculates: Does Elon Musk Possess 20% of Dogecoin’s Total Supply?
Cardano founder Charles Hoskinson recently speculated that Elon Musk might be holding 20% of DOGE su...
READ MORE
post-thumbnail
BlockDAG Clinches High-Profile Influencer Endorsement, Presale Climbs 1120%, Dwarfing PEPE Coin & Floki Prices
Floki Inu recently enjoyed a notable upswing following a robust investment from DFW Labs, while disc...
READ MORE
post-thumbnail
Terra Classic Nears Decision: Proposal 12114 to Redefine Burn Tax Allocation
The Terra Classic community is voting on Proposal 12114 which aims to revise the LUNC burn tax to al...
READ MORE
post-thumbnail
TON Price Up 4% as TON Blockchain Launches Open League: Win $40M+ in Rewards
The Toncoin network has attracted notable investments from legacy web3 venture capitals in addition ...
READ MORE
post-thumbnail
Ethereum ETF Approval on the Horizon: What It Means for Shiba Inu and Furrever Token Investors
The post Ethereum ETF Approval on the Horizon: What It Means for Shiba Inu and Furrever Token Invest...
READ MORE
post-thumbnail
Veteran Crypto Trader Predicts Bitcoin’s Market Cap to Equal Global Gold Reserves
The post Veteran Crypto Trader Predicts Bitcoin’s Market Cap to Equal Global Gold Reserves appeare...
READ MORE
post-thumbnail
Moody’s Delivers Critical Warning To Investors, XRP Gets Explosive Price Prediction
The post Moody’s Delivers Critical Warning To Investors, XRP Gets Explosive Price Prediction appea...
READ MORE
default post thumbnail
Rapper Gazzy Garcia Gets A Forehead Tattoo Featuring Solana, Says He Sold His SOL
The post Rapper Gazzy Garcia Gets A Forehead Tattoo Featuring Solana, Says He Sold His SOL appeared ...
READ MORE
post-thumbnail
After Regaining $0.01, Here is What’s Next for BOOK OF MEME (BOME) Price Rally!
The post After Regaining $0.01, Here is What’s Next for BOOK OF MEME (BOME) Price Rally! appeared ...
READ MORE
Read more posts