🔥$AI Hits $0.72 Can It Soar Higher?
Key Levels to Watch After Today’s Bull Run!
AI is making waves in the market with a massive 28% surge, now trading at $0.7172.
After hitting a 24-hour high of $0.7222, traders are wondering: Is there more room for growth?
Let’s dive into the 1-hour chart for deeper insights.
📊Chart Analysis: Explosive Breakout
1. Support Levels:
$0.6059: Strong support after today’s breakout. A dip here could attract buyers.
$0.5520: The bottom from earlier sessions where the bullish rally began.
2. Resistance Levels:
$0.7222: The current high and immediate resistance. A breakout here could lead to $0.75 and beyond.
3. Chart Patterns:
Parabolic Move: AI has entered a steep parabolic rise, signaling strong buyer interest.
Breakout Above Consolidation: It has broken above its prior sideways trading range, indicating a trend shift to bullish momentum.
🚀Why Is AI Rallying?
1. Breakout Momentum: The current price action suggests a breakout rally fueled by FOMO (fear of missing out).
2. High Trading Volume: Over 21.64 million AI coins have been traded in the past 24 hours, reflecting strong interest.
💲Price Prediction
Short-Term:
A breakout above $0.7222 could push prices to test $0.75 or even $0.80 if the momentum continues.
However, a minor pullback to $0.6059 is possible as traders take profits.
Mid-Term:
Sustained momentum and increased volume could push the price beyond $0.85 in the coming days.
AI is on fire, and the technicals point to a strong bullish trend.
The next test lies at $0.7222—a breakout here could open the floodgates to even higher levels.