AIOZ, the native token of the AIOZ Community — a decentralized platform that leverages a worldwide community of nodes to ship content material — has skilled a exceptional 45% value surge previously 24 hours. 

This rally positions AIOZ because the second-highest gainer of the day. It’s surpassed solely by Dogecoin (DOGE), whose worth has risen by 52%. Nonetheless, whereas vital shopping for exercise stays underway, AIOZ might quickly start to shed its latest features.

AIOZ Beneficial properties, However There Is a Catch

AIOZ’s double-digit rally has pushed its value to $0.73. At this press stage, the altcoin trades above its Ichimoku Cloud, which tracks the momentum of its tendencies and identifies potential assist/resistance ranges.  

When an asset’s value stays above the cloud, it alerts a powerful bullish development, indicating that consumers dominate and market sentiment is constructive.

Nonetheless, with overbought readings from AIOZ’s key momentum indicators, these consumers might quickly start to witness exhaustion. The altcoin’s Relative Power Indicator is a notable indicator of this. As of this writing, AIOZ’s RSI is at 79.29 and stays in an uptrend. 

The RSI indicator measures an asset’s overbought and oversold market situations. The dimensions ranges from 0 to 100; values above 70 counsel the asset is overbought and should face a correction, whereas values under 30 point out it’s oversold and might be set for a rebound.

The RSI studying of 79.86 alerts that merchants have pushed AIOZ costs too excessive, suggesting {that a} correction or pullback might happen as shopping for strain weakens.

Moreover, AIOZ trades above the higher band of its Bollinger Bands indicator, confirming its overbought state. This indicator gauges an asset’s market volatility and highlights potential purchase and promote alerts. It consists of three predominant parts: the center band, the higher band, and the decrease band.

When an asset’s value strikes above the higher band, the asset is overbought and presumably overextended. Merchants usually view this as a sign to anticipate potential downward strain, prompting them to promote and safe their features.

AIOZ Value Prediction: Decline Is Imminent

As soon as purchaser exhaustion units in, AIOZ’s value will seemingly start to shed its latest features. Based on the Fibonacci Retracement software, its value is predicted to say no towards the $0.61 resistance stage, which it not too long ago broke above. If this stage fails to carry as assist, AIOZ’s value might drop additional to $0.49.

Nonetheless, if shopping for strain intensifies and demand stays sturdy, consumers might maintain the uptrend, probably driving AIOZ’s value towards its year-to-date excessive of $1.08.