The pair $AI has shown a solid bullish performance with an increase of 18.65% in the last 24 hours, currently trading at $0.6609. The token recently touched a high of $0.6678, indicating growing market interest and momentum.
Technical analysis
Resistance levels:
Immediate resistance is at $0.6700, a key psychological and technical barrier. If this level is surpassed, the next potential targets could be $0.7000 and $0.7500.
Support levels:
Support is currently set at $0.6400, with a stronger base at $0.6000, where the price previously consolidated. A break below $0.6000 could indicate a deeper pullback to $0.5500.
Volume and momentum:
Increasing volume supports the bullish breakout, while the upward price trajectory indicates sustained buying pressure. However, a slight consolidation may occur around the $0.6600-$0.6700 range before a further bullish movement takes place.
Trading strategy
Short-term traders: consider taking partial profits near $0.6700 and $0.7000. Stop-loss orders can be placed below $0.6400 to guard against downside risk.
Long-term investors: the current price action presents an opportunity to accumulate positions during pullbacks to $0.6400 or $0.6000, with a target of reaching medium-term goals of $0.7500 or more.
Market outlook
The AI/USDT pair shows strong potential for greater gains if key resistance levels are broken. Traders should watch for volume confirmations and maintain a disciplined approach to manage risk.
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