Infinity Ground cryptocurrency (AIN) is entering a critical phase as its price action compresses within a symmetrical triangle, which could lead to a breakout.
Symmetrical Triangle Signals Breakout Readiness
Crypto analyst CryptoBull_360 noted that AIN is "getting ready for a massive breakout from the symmetrical triangle formation on HTFs." He mentioned that the price has been coiling with higher lows, indicating steady accumulation beneath resistance.
Price Action and Market Structure
AIN has demonstrated strong movement over the past day, advancing 23.5% to trade at $0.1277. Market capitalization now stands at $27.23M, reflecting a 42.09% increase.
Derivatives Market Sentiment and Outlook
On derivatives platforms, sentiment is skewed toward bullish. The long/short ratio for Binance AIN/USDT sits at 2.4305. The critical resistance zone lies near $0.136, where the recent rally paused.
AIN is at a pivotal point, and breaking through the resistance level with strong volume could lead to significant upside, indicating ongoing interest from traders in this asset.
