Choosing the right DePIN project to invest in for 2025 requires careful consideration. The battle between Akash Network (AKT) and Helium (HNT) could determine which one promises greater growth potential. This exploration offers insights into their strengths and potential market impact. Dive in to discover which coin might lead the way to future gains. Akash Network Faces Downtrend Amid Key Support and Resistance Levels Over the past month, AKT saw a considerable dip of about 26%, while over the last six months, its value fell sharply by nearly 63%. Price action remained confined within a modest band from roughly $1 to $2, showcasing a period marked by persistent bearish pressure. Indicators such as the Momentum and Awesome Oscillator signaled further weakness during this period, and the overall technical picture was unsupportive of a sustained rebound. Presently, the trading range is identified between an actual price span of approximately $0.97 to $1.84. The nearest resistance stands near $2.39, with an additional challenge at around $3.26, while a solid support level lies at about $0.65. Bears continue to dominate, as reflected by the low Relative Strength Index near 40 and a downtrend in key oscillators. Traders may consider watching these levels closely, trading short if the price fails to break past the resistance at $2.39 and looking to accumulate near the $0.65 support. Helium (HNT) Price Update: Bearish Trends and Key Levels Helium faced a significant decline recently, with a loss of about 42% over the past month and nearly 68% in the last six months. The weekly performance showed a decrease of 22%, highlighting a persistent downward trend. Price action fluctuated within a range of roughly $2.73 to $3.97 during this time. Technical indicators like the Awesome Oscillator at -0.921, Momentum Indicator at -0.593, and Relative Strength Index at 25.485 reinforce this bearish sentiment. These metrics indicate a weakening market, suggesting that investors should remain cautious amid ongoing volatility. Current price levels show support near $2.31 and another level at $1.07, with resistance around $4.79 and $6.03. Bears dominate the market, with technical signals suggesting further declines. Moving averages indicate resistance at -0.8 and a summary near -0.355, supporting a largely bearish outlook. There is no clear bullish trend, suggesting consolidation at lower price levels. Traders might consider buying at support levels if a firm bounce occurs, while a breach below support could lead to increased short selling. Alternatively, a rise above resistance might signal a challenging shift in momentum. Conclusion Both AKT and HNT show potential for growth in the coming years. AKT focuses on decentralized cloud computing, which appeals to businesses seeking cost-effective solutions. HNT centers on creating a decentralized network for IoT devices, offering strong utility and scalability for the future. Both projects have distinct strengths and could perform well by 2025. Choosing between them depends on the investor's interest in cloud services or IoT technology. Each project offers unique value and could be a strong addition to a diversified portfolio. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
