$AI reaching 0.66 as expected 🤗

$AI Technical Breakdown Alert! 💡



📉 Key Insights:

The 1H chart shows price testing MA200 as support, which is currently under threat. A confirmed breakdown here could signal further downside pressure.

On the 4H timeframe, the price has tapped both MA99 (purple) and MA200 (green) as potential support zones, highlighting their importance in maintaining bullish momentum.

📊 Analysis Overview:

1. Bearish Momentum Building:

With price struggling to reclaim MA200 on the 1H, the bears are gaining control. A breakdown here increases the probability of a retest towards the $0.65-$0.66 zone.

Momentum oscillators, such as RSI, are likely entering oversold regions, hinting at possible relief or deeper corrections.

2. Critical Resistance Above:

The $0.744-$0.760 zone (marked in red) serves as immediate resistance. Bulls need to reclaim this area for recovery.

Rejection here could push prices back into a consolidation or a descending trend.

3. Volume Dynamics:

Despite sharp moves, volume is tapering off—a bearish signal unless a surge supports the breakdown.

What to Watch For Next:

Support Levels: MA99 & MA200 (4H) around $0.652-$0.655 are critical. A breakdown here could push AI to the $0.60-$0.62 region.

Upside Recovery: Bulls need a strong close above MA200 on 1H and a breakout above $0.75 to regain momentum.

🚨 Strategic Tip:
Keep an eye on the 1H and 4H close for confirmation of #breakdown or recovery. Potential retests of broken support levels (MA200 on 1H or MA99 on 4H) may offer shorting opportunities if rejected.

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