AIOZ Network

Date: Wed, Dec 18, 2024, 10:27 AM GMTThe cryptocurrency market has been riding a bullish wave since November, with Bitcoin (BTC) reaching a record-breaking all-time high of $108K. Amid this rally, AIOZ Network (AIOZ), a prominent Decentralized Physical Infrastructure Network (DePIN) token, has been stealing the spotlight. Over the past 60 days, AIOZ has surged an impressive 125%, catching the attention of traders.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/058c36f915134e68875f436164afab31.png" />Source: CoinmarketcapToday, AIOZ is trading near a critical trendline, raising the possibility of a major bullish breakout.<h3 id="key-breakout-on-the-horizon">Key Breakout on the Horizon?</h3>AIOZ has shown remarkable performance recently, climbing to a high of $1.32 on December 1. Following this rally, the token entered a correction phase, pulling back to a lower support level of $0.95 before reversing upward. Currently trading at $1.13, AIOZ is building momentum near its upper trendline, signaling a potential breakout.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/928bc28504ef444eaacb651cd482a8b3.png" />If AIOZ successfully breaks above and retests the $1.14 to $1.17 price marks, it could target resistance levels at $1.32 and eventually $1.70, representing a potential 50% upside from its current price.Additionally, AIOZ&#39;s Relative Strength Index (RSI) currently sits at 49, indicating a neutral zone. This suggests that AIOZ is neither overbought nor oversold, leaving room for the price to move significantly in either direction depending on market sentiment and momentum.<h3 id="strong-what-to-expect-ahead-strong">What to Expect Ahead?</h3>The current momentum positions AIOZ for a breakout, potentially propelling it toward $1.70, especially considering its history of sharp rallies. For instance, the last breakout pushed the token up by over 63% in a short span.However, if the breakout fails and AIOZ faces rejection, it might revisit its lower trendline. This scenario could offer another opportunity for traders to accumulate before the next upward movement.<h3 id="strong-final-thoughts-strong">Final Thoughts</h3>With AIOZ trading near a key trendline and its RSI at a neutral level of 49, the token is at a pivotal point. As the broader crypto market displays bullish strength, AIOZ could ride the wave to new highs if it manages a successful breakout.Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.Also Read: <a href="https://coinsprobe.com/kaspa-kas-bears-dominate-head-and-shoulders-formation-signals-more-downside/" rel="noopener noreferrer nofollow">Kaspa (KAS) Bears Dominate: Head and Shoulders Formation Signals More Downside.</a>

AIOZ Network (AIOZ) On The Verge Of Key Breakout: What To Expect Ahead?

Table of Contents

CoinsProbe

Other articles published on Dec 18, 2024

Ripple Announces Official Launch of $RLUSD Stablecoin Worldwide

Blockchain’s Next Breakthroughs: Qubetics’ Surge, Solana’s Rise, and Stellar Poised for Explosive...

From Steps to Rewards: How Runwago Changes the Game

Discover the Future of Trading with FATTY and Its FatBot, a Tool Poised for the Top 5 in the Market

Top Crypto Picks: Qubetics, Cosmos, and Aave Show Strong Potential

Musk Loves Bitcoin (MUSKBTC) Solana Memecoin to Explode 13,000% Before Exchange Listings, While S...

Join our free newsletter for daily crypto updates!