$AIA READY BOUNCE STRONG... but when??
FULL DETAILED OVERVIEW & NEXT MOVE 👇
After new relaunch of perpetual contract launch,
price shot up above 0.4 level only slump back
down below 20s. However that's ready to change.
Long liquidations are wiped out and sellers have
already run our of supply to sell, now slowly
buyers are getting eager to bag $AIA at
current price. On lower time frame price
has already broken off from inverse head and
shoulders showing significant bullish momentum
MACD is also ready to cross over as volume
picks up slowly but surely. RSI(6) now in
neutral as price still remains in accumulation
phase, a perfect place to hoard on the asset.
Through market sentiments still remains bearish
but short term bounce is inevitable and price
retracement to 0.3-0.4 is brewing quickly.
On higher time frame if crosses 0.25 then
we could witness massive breakout that
could quickly accelerate price upwards of
0.4-0.5 in the coming sessions.
It's still interesting to watch if relisting $AIA
will prove to redeem its past reputation
and earn trust of users/investors.
Though AI narrative remains hot in current
market, over saturation is driving focus and
investments into hype assets for the day.
Can it rank high enough for others to
join the band wagon or will sink more into
the depth of pitiful rejection and dark corners
of crypto market space like COAI, Light & etc.
DYOR
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