🚀 $AIOT — THE FORMER RESISTANCE IS NOW ACTING AS SUPPORT! WHAT'S NEXT?
The weekly chart of AIOT is showing an interesting structural development.
After spending an extended period accumulating around $0.04–$0.08, AIOT finally broke out of its previous trading range and delivered a strong upward expansion.
Now, price is pulling back toward the $0.14–$0.15 zone — the former resistance that could become the next major support.
📊 WHY THIS AREA MATTERS
This is a classic support-resistance flip.
Previously, sellers were defending this zone. Now that price has broken above it, I'm watching whether buyers can defend the same area.
A successful retest could provide the foundation for another upward move.
🎯 WHAT ARE THE NEXT TARGETS?
If buyers hold $0.14–$0.15:
First resistance: $0.18–$0.19
Major supply: $0.20–$0.22
Next upside area: $0.25
Bigger destination: $0.30
A decisive breakout above $0.22, followed by a successful retest, would make the $0.30 target much more interesting.
⚠️ WHAT COULD INVALIDATE THE SETUP?
A decisive weekly close below $0.14 would weaken the bullish breakout structure. In that case, $0.10–$0.11 becomes an important downside area to watch.
MY TAKE:
I'm particularly interested in how AIOT reacts to this retest. I don't want to chase the previous pump. I want to see the former resistance become confirmed support.
The structure is improving, but confirmation is everything.
One breakout can attract attention. A successful retest can build confidence in the next move.
Can AIOT reach $0.30 from here? What is your target?
Follow for more weekly chart analysis and trading opportunities.
The weekly chart of AIOT is showing an interesting structural development.
After spending an extended period accumulating around $0.04–$0.08, AIOT finally broke out of its previous trading range and delivered a strong upward expansion.
Now, price is pulling back toward the $0.14–$0.15 zone — the former resistance that could become the next major support.
📊 WHY THIS AREA MATTERS
This is a classic support-resistance flip.
Previously, sellers were defending this zone. Now that price has broken above it, I'm watching whether buyers can defend the same area.
A successful retest could provide the foundation for another upward move.
🎯 WHAT ARE THE NEXT TARGETS?
If buyers hold $0.14–$0.15:
First resistance: $0.18–$0.19
Major supply: $0.20–$0.22
Next upside area: $0.25
Bigger destination: $0.30
A decisive breakout above $0.22, followed by a successful retest, would make the $0.30 target much more interesting.
⚠️ WHAT COULD INVALIDATE THE SETUP?
A decisive weekly close below $0.14 would weaken the bullish breakout structure. In that case, $0.10–$0.11 becomes an important downside area to watch.
MY TAKE:
I'm particularly interested in how AIOT reacts to this retest. I don't want to chase the previous pump. I want to see the former resistance become confirmed support.
The structure is improving, but confirmation is everything.
One breakout can attract attention. A successful retest can build confidence in the next move.
Can AIOT reach $0.30 from here? What is your target?
Follow for more weekly chart analysis and trading opportunities.
