- Open Interest and trading volume have surged significantly, signaling potential for further gains.
- On the charts, AIOZ was trading within a bullish flag pattern, typically a precursor to continued upward movement.
Over the last 24 hours, the price of AIOZ Network’s [AIOZ] has surged by approximately 21.75%, thereby cutting its monthly loss down to about 7.86%. Simultaneously, its market capitalization increased by a similar percentage, now standing at around $1.22 billion.
With bullish momentum intact, AIOZ appears poised for further significant growth.
Major momentum build up in AIOZ
Over the last 24 hours, there’s been a surge of market attention towards AIOZ, as crucial indicators suggest an increase in optimistic investment attitudes.
The interest in derivative trades significantly increased by 27.47%, reaching approximately $9.35 million. This rise suggests a boost in trading action. Although it doesn’t guarantee a bullish outlook on its own, the concurrent jump in transaction volume and price points towards a generally optimistic mood among traders.
In a significant surge, the trading volume for AIOZ experienced an impressive 445.98% rise, which is equivalent to nearly quadrupling (4.4 times), culminating at approximately $18.01 million. This increase in volume occurred simultaneously with notable price growth.
Moreover, the Funding Rate, a significant measure of investor sentiment, rose to 0.0282% as per Coinglass, indicating continuous optimistic investment behavior. As trading volume escalates, it’s possible that the Funding Rate could continue its upward trajectory.
Bullish flag positions AIOZ for a rally to $1.8
AIOZ’s recent gains stem from breaking out of a consolidation phase within a bullish flag pattern.
As an analyst, I frequently observe that consolidation periods are characterized by strategic buying of assets when prices momentarily decrease within a limited price range. This pattern typically sets up the conditions for a significant price surge or ‘breakout’.
For the asset belonging to AIOZ, an analysis of possible price ranges suggested a prospective gain of around 107.80%, which would approximate $1.84 as its potential maximum value.
Ever since it started climbing, AIOZ has been holding strong within a bullish trend, with technical indicators pointing towards an increasingly robust rally.
More room for an upswing
In simpler terms, the Relative Strength Index (RSI), which measures an asset’s strength, is maintaining a bullish state at 59.87, significantly higher than the neutral point of 50. This suggests that the asset is stronger than average.
In other words, when the Relative Strength Index (RSI) goes above 50, it indicates that the force propelling the current price increase is robust, suggesting more growth might follow.
According to the Aroon Indicator, the Aroon-Up value stood at a high 92.86%, while the Aroon-Down was relatively lower at 57.14%. This suggests that the outlook supported by the Aroon indicator is positive.
Read AIOZ Network’s [AIOZ] Price Prediction 2025–2026
As a crypto investor, I find it exciting when the Aroon Up consistently surpasses the Aroon Down. This indicates a robust bullish momentum that might continue to climb higher, offering promising prospects for further profits.
These metrics suggest AIOZ could experience notable gains in the coming trading sessions.
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2025-01-05 21:11