The Akash Network’s token (AKT) surged on Tuesday, hitting $0.53 as renewed interest in decentralized AI infrastructure drove prices across the sector. With potential for further gains toward the $1 mark, investors remain watchful amid ongoing bearish pressures.
AKT Leads Gains Among Decentralized AI Tokens
The broader cryptocurrency market saw modest gains on January 27, but a number of AI-related tokens exhibited remarkable increases. AKT soared to approximately $0.53 from intraday lows of around $0.41, making it one of the top performers in its segment.
Trading activity also surged significantly, with a 600% increase in volume within 24 hours, exceeding $45 million. This uptick allowed AKT to outperform several decentralized AI peers, including established projects like Bittensor and Render, which recorded more modest intraday advancements.
Market players attribute this rise to heightened attention on Akash Network’s role in distributed AI inference, as demand for decentralized GPU computing continues to grow. Analysts also point to signs of increased activity and wider sector momentum as contributing factors.
Adoption Narrative Supports Short-Term Outlook
Interest in AI-related cryptocurrencies is increasingly focusing on practical applications rather than speculative themes. Projects like Render, Bittensor, NEAR, and Virtuals Protocol have all recently increased in value due to real-world usage of AI infrastructure.
Akash Network, which operates a decentralized cloud and GPU marketplace for AI training and inference, has benefited from this shift in focus. Analysts suggest that investor interest has been bolstered by the platform’s positioning in the rapidly growing AI computing market.
From a technical standpoint, AKT shows generally positive signals, although short-term indicators remain mixed. Prices are hovering around the $0.48 to $0.50 range, which represents short-term resistance. A sustained breakout above this level would be necessary to extend the current rally.
If momentum continues and market conditions remain favorable, analysts see potential for a rise toward $0.74, supported by improving MACD signals and a recovering relative strength index. Further ahead, $1 and $2 are regarded as longer-term benchmarks, having marked key peaks in the previous market cycle.
However, analysts warn that volatility remains high. Profit-taking could trigger pullbacks, with initial support observed between $0.43 and $0.35.
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