Akash Network (AKT) has seen a remarkable 47% increase in the past week, reaching $6.39. This surge is largely due to a 40% increase in quarterly revenue, driven by the growing popularity of DePIN.

AKT, the native token of the decentralized cloud computing platform Akash Network, has experienced a 26% increase in the last 24 hours. This growth is evident in its weekly price chart, with a 47% surge from $4.3022 to $6 over the past seven days.

At the time of writing, AKT was trading at $6.23, with a market capitalization of $1.43 billion, ranking 63rd on the global crypto dashboard. The token's trading volume has also seen a significant 295% increase to $261 million in the last 24 hours.

Akash Network has registered a notable 40% increase in quarterly revenue, with Q1 2024 revenue reaching $140,000, compared to over $100,000 in Q4 2023. While these figures are lower than those in previous quarters of 2023, they indicate a positive trend.

The 4-hour price chart of AKT shows multiple bullish indicators, including a rise in RSI to 77, indicating an overbought state, and an uptick in CMF, highlighting increased capital flow into the asset.

If AKT continues on its bullish path, it may reach $6.5302, and potentially even surpass $7.28, marking a new high. However, if it takes a bearish turn, it may breach support levels at $4.621 and potentially drop to $3.478.