Cryptocurrencies

AIOZ Network Price Prediction: Is It Going To Dump From Here?

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Written By: Abdullah Sarwar
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    Summary:
  • AIOZ Network price is taking a breather after a 283% surge last week. The price has tanked 27.7% since the start of the week.

AIOZ Network price has been on a tear lately. The price of the digital asset which resides on the Ethereum blockchain, exploded last week and surged 283%. However, due to profit-taking and the recent bearish developments, the altcoin is experiencing a major pullback.

At press time, AIOZ crypto stood at $0.047 after a 9.89% drop during today’s trading session. This means an overall weekly loss of 27.7% for the 428th biggest coin by market capitalization. In the past 24 hrs, almost $5 million worth of AIOZ has traded on different crypto bourses.

Today’s sell-off in altcoins can be attributed to the Binance’s $4 billion settlement with the DOJ. The crypto community was also jolted by the news of the resignation of Binance CEO, Changpeng Zhao who has been the industry’s heartthrob.

A high timeframe technical analysis reveals that the AIOZ Network price prediction is looking fairly bullish. There is still a possibility of a retest of the $0.112 level which could be the next resistance level. The invalidation for this outlook will be a breakdown below $0.054.

AIOZ Crypto Chart

This post was last modified on Nov 21, 2023, 19:52 GMT 19:52

Written By: Abdullah Sarwar

Abdullah Sarwar is a blockchain analyst and a cryptocurrency investor with more than 5 years of experience. He specializes in providing crypto price projections based on their fundamentals and price charts. He is also a successful day trader. He graduated in 2015 with a degree in electronic engineering. In his free time, he loves listening to electronic music and playing with trading bots.

Published by
Written By: Abdullah Sarwar