AIOZ Target Price 1.8 USD, Strong Rebound Potential

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AIOZ Network (AIOZ) has seen its stock price increase by 21.75% in the past 24 hours, with a significant rise in market capitalization to 1.22 billion USD. As bullish momentum continues to strengthen, AIOZ's future performance looks promising, with market data and technical indicators suggesting it may reach a target price of 1.8 USD.

Strengthening Bullish Momentum

Derivatives Market Growth:

Open interest increased by 27.47%, reaching 9.35 million USD, reflecting growing market interest in AIOZ.

Financing rates rose to 0.0282%, indicating sustained bullish sentiment.

Surging Trading Volume:

In the past 24 hours, AIOZ's trading volume skyrocketed by 445.98%, reaching 18.01 million USD, further confirming market bullish sentiment.

Bullish Flag Breakout:

After breaking out of the consolidation phase in the bullish flag pattern, AIOZ shows upward potential. Price analysis indicates that AIOZ could achieve a potential return of 107.80%, with a target price close to 1.84 USD.

Technical Aspects: Significant Upward Space

RSI Indicator:

The RSI is currently at 59.87, well above the neutral level of 50, indicating strong upward momentum that may drive prices further up.

Aroon Indicator:

The Aroon Up rate is 92.86%, significantly higher than the Aroon Down rate (57.14%), showing a strong bullish trend and suggesting considerable upward space in the future.

Outlook

With the current bullish momentum and technical indicators supporting it, AIOZ is expected to continue rising, targeting a price of 1.8 USD. As market sentiment and capital inflows increase, AIOZ may achieve significant growth in the upcoming trading days, making it worth investors' attention.

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