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Will AIOZ Price Pump With This Breakout?

williamart808 - 2024-05-09 12:00:06

The AIOZ token price is currently experiencing a bullish surge, signaling a potential turnaround for this AI coin. Breaking free from the falling channel pattern of the recent pullback, the bulls have initiated a breakout rally, forming a rounding bottom reversal pattern.


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With an impressive 36% growth in the past eight days, the upward momentum in the AIOZ price trend is poised to challenge the significant psychological barrier at $1. Additionally, the daily Relative Strength Index (RSI) line is trending upward, indicating a rise in demand for the token.


Should the uptrend in the AIOZ token continue beyond the neckline at the $1 mark, there is potential for the AI coin price to reach $1.40. Furthermore, based on trend-based Fibonacci levels, the uptrend may extend to $1.90 by the end of the month.


https://coinpedia.org/price-analysis/is-the-correction-phase-ending-for-ai-coins/