Our AIOZ Network price prediction will remain bearish until the price reclaims the $0.17 level. Last week’s Bitcoin crash sent most altcoins into a downward spiral. AIOZ coin price also made fresh lows as the price tagged the $0.06 level during this bloodbath. Nevertheless, the price is up by 43% within the last 24 hours and now trading at $0.12. While some investors consider it a reversal signal, many sceptics call it a relief rally.
AIOZ Network aims to revolutionize the streaming industry by leveraging its worldwide network of nodes. The network employs peer-to-peer neighbourhood bandwidth to create an infinitely scalable decentralized streaming network. This delivery solution takes only a fraction of the cost of legacy centralized streaming networks.
According to AIOZ news, the network is now listed on Chainlist. Users can now add the AIOZ network to their Web 3 wallet setting just with a couple of clicks. The network is also supported now on the popular browser extension MetaMask. Holders can stake and claim their AIOZ crypto using EIP – 712 on MetaMask. The coin is also available now on the top US exchange, Coinbase.
Technical analysis of the AIOZ price chart suggests that the previous support at $0.17 might now act as a resistance. The ongoing price pump could only turn out to be a proper reversal signal if the price closes above $0.17. The coin is currently trading at 0.12, which is 97% below its April 2021 ATH. Many holders weren’t expecting such an abrupt price decrease as AIOZ was one of the most successful IDOs of 2021.
Any bullish AIOZ price prediction would be off the table until the price breaks above $0.17 level once again. In fact, the streaming cryptocurrency prices could have a further downside if Bitcoin takes another nosedive. Therefore, the recovery of all altcoins depends on the strength of Bitcoin, which is still battling with $30,000 level.
This post was last modified on May 20, 2022, 16:27 BST 16:27