The bulls break out of the falling channel pattern, resulting in a rounding bottom reversal.
With a 37.40% growth in the last eight days, the rising momentum in the AIOZ price trend heads to challenge the $1 psychological mark.
AIOZ saw a massive spike in November 2023, surging by 1,675% in less than a month.
This surge likely marked the onset of a five-wave upward movement.
By February 2024, AIOZ completed wave two after a correction under a descending resistance trend line.
Another gradual uptrend occurred between February and March, representing wave three.
This was followed by a correction under a different descending resistance trend line.
Currently, AIOZ is on the verge of breaking out from this trend line.
If history repeats, this breakout could signify the beginning of wave five.
According to Coin Gabbar analysis, If the AIOZ token's uptrend crosses the psychological $1 neckline, it might surge to $1.40.
KEY LEVELS :
RESISTANCE LEVEL : $1.000-$1.400
SUPPORT LEVEL : $0.7000-$0.5500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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