The cryptocurrency market has been experiencing a robust bullish trend since November, with Bitcoin ($BTC ) reaching unprecedented heights. Amidst this rally, AIOZ Network ($AIOZ), a Decentralized Physical Infrastructure Network (DePIN) token, has garnered significant attention due to its impressive performance. Over the past 60 days, AIOZ has surged by 125%, firmly establishing itself as a standout performer in the current market environment.

Approaching a Critical Breakout

AIOZ has delivered remarkable gains recently, climbing to a high of $1.32 on December 1. After a brief corrective phase, the token resumed its upward trajectory, currently trading at $1.13. AIOZ is approaching a critical trendline, signaling a potential breakout. A successful breach of the $1.14 to $1.16 resistance zone could propel AIOZ toward higher targets, including its previous high of $1.32 and a major resistance at $1.70, representing a potential 70% upside.

Technical Indicators

The Relative Strength Index (RSI) for AIOZ currently stands at 49, indicating a neutral position. This suggests that the token is neither overbought nor oversold, leaving room for price movement depending on market sentiment and momentum.

Expectations Moving Forward

AIOZ's current momentum suggests a strong likelihood of a breakout, with potential to rally toward $1.70 if key resistance levels are breached. Historically, AIOZ has demonstrated sharp upward movements, such as its previous breakout, which delivered gains of over 63% within a short timeframe. However, failure to break above the current trendline could result in a rejection, prompting AIOZ to revisit its lower trendline for support.

Conclusion

AIOZ Network is at a pivotal juncture, trading near a key trendline with its RSI in a neutral zone. If AIOZ can capitalize on the broader bullish market sentiment and execute a successful breakout, the token has the potential to reach new highs, targeting $1.70. However, traders should remain cautious of a possible pullback, which could offer a more favorable entry point. In either case, AIOZ remains a token to watch closely in the evolving cryptocurrency market.

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