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Akash (AKT) is among the strongest performing AI tokens, surging 25% overnight. As May rolls on, are there better buys than Akash?
Akash (AKT) is trending and a top gainer within the AI category. As May rolls on, are there better buys than Akash (AKT) or is it still the best buy?
Akash – AKT Price Broken Out Of Downtrend With Recent Pump: $2.4 Next?
One of the stronger performing tokens over the last 24 hours is Akash (AKT). The token has shot up 28%, finally breaking out of a nearly five-month downtrend. It is currently trading for around $1.77 and has a market cap of $437 million, making it the 167th largest cryptocurrency by market cap.
(CoinGecko)
With AKT breaking out following its overnight pump, the next target is $2.4. There is a lot of untapped liquidity at this level due to it spending several months ranging around $2.4 last year.
First, though, Akash needs to breach $2 and turn it to support, maintaining bullish momentum while attracting fresh liquidity at every price increase.
The final mid-term target for the AKT price lies at $3.8. This price represents its 2025 high, which was hit in January. In the long term, Akash has a lot of work to do to regain its all-time high price of $8.07 from April 2021, and it is still down 78% from that level.
However, a bullish continuation here and the aforementioned mid-term targets being tagged this quarter could lead AKT back towards $8.
(TradingView)
DISCOVER: Top Solana Meme Coins to Buy in May 2025
FET Crypto Only Up 4% Overnight But Is A Huge Breakout On The Cards?
While AKT has already experienced a significant price increase overnight, leading AI token FET has only risen 4.4%. However, FET has slowly crept up in the past week, climbing 21% on a 7-day timeframe.
(CoinGecko)
Per CoinGecko, FET is the 5th largest AI crypto and the 60th largest digital asset overall, by market cap. It is currently trading for $0.75 with a market cap of $1.9 billion.
Using Elliot Waves, a popular technical analysis tool, you can see that the weekly chart for FET shows a textbook 1-2 structure. A clean A-B-C correction followed with FET now poised to complete the 3-4-5 phase of the pattern.
(TradingView)
Considering this, targets for the remainder of 2025 sit at $6, $7.3, and $9.4, but to keep the structure intact and complete the waves, FET will need continued trading volume.
Over the past 24 hours, FET has had over $217m in trading volume, an uptick from previous days, highlighting a trend in the right direction.
Is MIND Of Pepe (MIND) The True Dark Horse In The AI Crypto Sector?
AI crypto is heating up. The entire sector pumped 2% overnight, taking its combined market cap to just shy of $26 billion.
Akash (AKT) is among the strongest performing tokens, surging 25% over the last 24 hours. As May rolls on, are there better buys than Akash or is it still the best buy?
Akash (AKT) is trending and a top gainer within the AI category.
(CoinGecko)
One of the stronger performing tokens over the last 24 hours is Akash (AKT). The token has shot up 28%, finally breaking out of a nearly five-month downtrend. It is currently trading for around $1.77 and has a market cap of $437 million, making it the 167th largest cryptocurrency by market cap.
(TradingView)
With AKT breaking out following its recent pump, the next target is $2.4. There is a lot of untapped liquidity at this level due to it spending several months ranging around $2.4 last year.
First, though, Akash needs to breach $2 and turn it to support, maintaining bullish momentum while attracting fresh liquidity at every price increase.
The final mid-term target for the AKT price lies at $3.8. This price represents its 2025 high, which was hit in January. In the long term, Akash has a lot of work to do to regain its all-time high price of $8.07 from April 2021, and it is still down 78% from that level.
However, a bullish continuation here and the aforementioned mid-term targets
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