Akita Inu (AKITA) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Akita Inu price prediction, the price of Akita Inu is predicted to rise by 225.95% and reach $ 0.0₆2532 by October 14, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 50 (Neutral). Akita Inu recorded 10/30 (33%) green days with 24.69% price volatility over the last 30 days. Based on the Akita Inu forecast, it's now a bad time to buy Akita Inu.

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Based on the historical price movements of Akita Inu and the BTC halving cycles, the yearly low Akita Inu price prediction for 2025 is estimated at $ 0.0₇7767. Meanwhile, the price of Akita Inu is predicted to reach as high as $ 0.0₆3643 next year. Using the same basis, here is the Akita Inu price prediction for each year up until 2030.

Akita Inu price prediction 2025

The Akita Inu price prediction for 2025 is currently between $ 0.0₇7767 on the lower end and $ 0.0₆3643 on the high end. Compared to today’s price, Akita Inu could gain 362.27% by 2025 if AKITA reaches the upper price target.

Akita Inu price prediction 2030

The Akita Inu price prediction for 2030 is currently between $ 0.0₆1929 on the lower end and $ 0.0₆3127 on the high end. Compared to today’s price, Akita Inu could gain 296.81% by 2030 if it reaches the upper price target.

Akita Inu's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Akita Inu's 200-day SMA will drop in the next month and will hit $ 0.0₆1595 by Oct 14, 2024. Akita Inu's short-term 50-Day SMA is estimated to hit $ 0.0₆1228 by Oct 14, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 41.97, which indicates that the AKITA market is in a neutral position.

Popular AKITA Moving Averages and Oscillators for Sun, Sep 15, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Akita Inu Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Akita Inu Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.0₇7782, Akita Inu has support levels of $ 0.0₇7473, $ 0.0₇7063, and the strongest at $ 0.0₇6754. Similarly, Akita Inu resistance levels are at $ 0.0₇8192, $ 0.0₇8501, and $ 0.0₇8911.

Akita Inu Correlation

Over the past 7 days, Akita Inu price was most positively correlated with the price of and most negatively correlated with the price of .

Akita Inu price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Akita Inu indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Akita Inu, a move in one direction for Akita Inu would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Akita Inu price in the future, it’s helpful to also explore Akita Inu’s price history. In the last month, the AKITA/USD pair is down .

How to read and predict Akita Inu price movements?

Akita Inu traders use a variety of tools to try and determine the direction in which the AKITA market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Akita Inu price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Akita Inu Price Prediction Indicators

Moving averages are among the most popular Akita Inu price prediction tools. As the name suggests, a moving average provides the average closing price for AKITA over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for AKITA is a sum of AKITA’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the AKITA price moves above any of these averages, it is generally seen as a bullish sign for Akita Inu. Conversely, a drop below an important moving average is usually a sign of weakness in the AKITA market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the AKITA price.

How to read Akita Inu charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Akita Inu with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Akita Inu’s price action in 1-hour chunks. Each candlestick will display AKITA’s opening price, closing price, as well as the highest and lowest prices that Akita Inu reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Akita Inu?

Just like with any other asset, the price action of Akita Inu is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of AKITA. The market capitalization of Akita Inu can change significantly in a short period of time.

When trying to make a Akita Inu forecast, many traders also try to monitor the activity of AKITA “whales”, which are entities and individuals that control large amounts of AKITA. Since the Akita Inu market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Akita Inu’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.