Will the $0.26 resistance level be broken?
Aioz Network (AIOZ), a content delivery network that distributes bandwidth while lowering costs, has also been added to Coinbase's platform.nAccording to the project's website, it is fully interoperable with the Ethereum and Cosmos blockchains, as well as capable of providing instant finality and low transaction fees.
Aioz Network initially soared 38.4 percent from $0.13 to above $0.18 following the Coinbase announcement.
Bullish Scenario: If AIOZ manages to break above the resistance level at $0.26 then it would be a bullish sign. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $0.30 and $0.34. Breaking above $0.34 price level with significant buying volume will lead to a good chance of crossing above $0.50.
Bearish Scenario: AIOZ has been in a downtrend channel since the last few weeks. However, if the $0.20 support level is not maintained, the price will fall to $0.16, $0.12, and even lower sooner or later.
Aioz Network initially soared 38.4 percent from $0.13 to above $0.18 following the Coinbase announcement.
Bullish Scenario: If AIOZ manages to break above the resistance level at $0.26 then it would be a bullish sign. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $0.30 and $0.34. Breaking above $0.34 price level with significant buying volume will lead to a good chance of crossing above $0.50.
Bearish Scenario: AIOZ has been in a downtrend channel since the last few weeks. However, if the $0.20 support level is not maintained, the price will fall to $0.16, $0.12, and even lower sooner or later.
Trade closed: target reached