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
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.