The cryptocurrency market continues to demonstrate a bullish sentiment, with Ethereum leading the growth. AIOZ Network also shows significant results.
AIOZ Network Growth and Market Position
AIOZ Network (AIOZ) has surged by 19% over the past week, lifting its monthly gains to 68%. In the current market conditions, AIOZ shows good dynamics, and price chart analysis indicates potential further growth.
Harmonic Pattern Indicates Potential for Continued Growth
On the daily chart, AIOZ is forming a bearish ABCD harmonic pattern. Despite its 'bearish' label, this structure often supports bullish momentum during the CD phase, allowing the price to gain strength before a potential correction.
AIOZ Outlook and Support Levels
If the CD phase continues to unfold, the next target for AIOZ may lie within the potential reversal zone (PRZ) based on Fibonacci, signaling a rally to $0.6261. However, to maintain the bullish scenario, AIOZ must remain above its 200-day moving average at $0.4328, which is now a crucial support level.
Thus, AIOZ Network demonstrates healthy growth and is preparing for further movements, depending on market dynamics and technical levels.
