CandleFocus AIOZ Outpaces Market Leaders with a 45% Spike, But May Not Maintain Momentum
2024-11-12
Author: Content Editor
The native token of the AIOZ Network, AIOZ, has seen a significant 45% increase in price in the last 24 hours, making it the second-highest gainer of the day after Dogecoin. However, there are indicators that suggest AIOZ may soon experience a correction or pullback. The altcoin is currently trading above its Ichimoku Cloud, indicating a strong bullish trend, but its key momentum indicators, such as the RSI and Bollinger Bands, show that it is overbought and potentially overextended. If buyer exhaustion sets in, AIOZ's price could decline towards the $0.61 resistance level, with further potential drops to $0.49. However, if buying pressure continues to intensify, the price could reach its year-to-date high of $1.08.
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