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.
Source: Coinmarketcap
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.
SEI and AKT Fractal Chart/Coinsprobe (Source: Tradingview
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.
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