Technical analysis by mukit1 about Symbol AKT: Buy recommendation (11/7/2025)

I have been researching assets that fall into the cross section of AI compute and Crypto. Some more prominent ones like RNDR, FIL etc. are ok, but I was looking for something with 100x potential; something that have been severely depressed. I found Akash Network. Cosmos chain has been terrible for the ecosystem and has done nothing for the true potential of the chain. The fundamentals are pretty solid. They are not in the business of competing against AWS or Azure. But they are perfect for cheap and fast infrastructure to run AI agents and rag tools. They need to find a new home same as RNDR moved into SOL. If they can do this without any major fallout, I think now is the time, the price will start to reflect the potential. Chart technicals are showing strong bullish divergence in RSI. EW structure is looking pretty text book completion or near completion. I started to accumulate at the golden zone. Will accumulate a bit more if price hits $0.4. But, I would expect a solid bounce to come very soon. At the moment, the market is a bit risky, so, I will not go in too deep. Long term, this could be a good alt to hold for a few years.