The AIOZ token has been showing bullish signals with a positive MACD crossover, rounding bottom pattern and a resurging RSI.
What is AIOZ?
AIOZ is a comprehensive Decentralized Public Infrastructure Network (DePIN) that supports decentralized Web3 cloud storage operations, live streaming, and video-on-demand support.
The AIOZ token is the native token of the platform and exists both on the Ethereum and BNB Chain.
Fundamental Analysis
The AIOZ token has several cutting edge uses and the company is well established with a yearly revenue of more than $3 million.
In future, DePIN projects can be highly profitable and challenge even the biggest corporates.
Technical Analysis
AIOZ has been making a rounding bottom pattern in the daily charts. The bottom started forming on Saturday 24 Aug 2024 and by 8 Sep 2024, it was confirmed that a rounding bottom was in the making.
Further, the MACD crossover, which happened on 10 Sep 2024 confirms that the rounding bottom might continue to form. This is because any positive crossover in MACD often leads to price gain. In this case, the rounding bottom will get its final form due to the help of this signal.
Also, the RSI has been neutral for a while. However, it is expected to soon pick momentum due to bullish signals in the broader markets. The next US Federal Reserve meeting might rejuvenate crypto markets with a high rate cut.
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Recent Price Trends
The AIOZ token has been witnessing high selling like other cryptocurrencies after the month of March this year. After a high of $1, the crypto slid down to $0.38 by the end of August.
However, the fall wasn’t as consistent as other cryptocurrencies. The AIOZ token seemed much more stronger than others with several attempts at reclaiming lost levels.
AIOZ Price Prediction
The following price predictions have been done by financial experts and under the assumption that Bitcoin maintains its 4-year bull-bear cycle like it has since 2008.
Comprehensive guide on Bitcoin’s 4-year halving cycle that drives bull and bear markets.
AIOZ Price Prediction 2024
The AIOZ Network has formed a rounding bottom pattern on the daily charts. If this is completed within 2024, the pattern could take AIOZ price to $0.52 by the end of this year.
AIOZ Price Prediction 2025
We expect it to reach $1.2 by the end of 2025 based on strong technical outlook of the wider crypto markets.
AIOZ Price Prediction 2026
As the year 2026 is expected to see an altseason peak, we expect AIOZ token might reach $1.5 even if its lowkey bullish.
AIOZ Price Prediction 2027
We expect severe drawdowns in the token in 2027 and expect its price to fall below $1. However, the drawdown is only expected to occur if there is a wide market correction.
AIOZ Price Prediction 2028
Since the year 2028 is another alt season, we expect it to reach its ATH of $2.67. The year might also see a new wave of gains as 2028 bull markets is expected to go much more bullish than the current one due to very little regulatory pressure.
AIOZ Price Prediction 2029
Since there is a high possibility that the year 2029 will show us another alt season. We expect a price above $3 by the of this year.
AIOZ Price Prediction 2030
The long term price target for AIOZ token is around $4 for the year 2030 based on strong network growth and long term demand for DePIN infrastructure.
Take a look at another interesting price prediction: Injective.
