AIOZ Tests Key Support After 21% Decline From All-Time High

Key Takeaways

• Breakout above $1.09 targets $1.33 highs.
• The triangle breakdown confirms a bearish continuation toward $0.85.
• Key support at $0.85 and $0.73 holds importance.

After reaching its all-time high of $1.33 on Dec. 1, the price of AIOZ initiated a corrective phase, forming a symmetrical triangle and losing around 21% of its value.

Recent price action suggests indecision, with Fibonacci levels providing key support and resistance as the market anticipates the next significant move.

AIOZ Price Analysis

The 4-hour AIOZ chart shows a price surge following a clear 5-wave Elliott Wave structure. The price peaked on its wave 5 at $1.33, followed by consolidation in a symmetrical triangle.

Fibonacci retracement levels are plotted, showing key support levels as the price hovers around the 0.236 retracement near $1.10.

The symmetrical triangle indicates a potential continuation pattern, suggesting the price could break out in either direction.

4-hour Relative Strength Index (RSI) hovers in a neutral range, signaling indecision between buyers and sellers. Volume remains low, supporting the consolidation narrative after the significant rally through the Elliott Wave structure.

A key retracement to the 0.5 or 0.618 Fib levels could support any downside move.

However, a breakout above the triangle resistance line might push the price to retest recent highs near $1.33. The overall trend remains bullish unless key supports fail.

Key Observations

• Price formed a 5-wave Elliott Wave pattern, peaking at $1.33.
• Symmetrical triangle consolidation suggests a breakout may occur soon.
• Fibonacci levels at 0.5 ($0.8489) and 0.618 ($0.7347) are key support areas.
• RSI is neutral, indicating a balanced market with no strong momentum.
• A breakout above the triangle could retest the $1.33 high; failure may lead to $0.84 or lower.

AIOZ Price Prediciton 

The hourly chart highlights an ongoing correction following a 5-wave Elliott Wave peak near $1.33. The price is likely forming a W-X-Y corrective pattern, with X near the current resistance at $1.09.

Today, the price interacted with the triangle’s resistance at $1.17, falling by 7% as it got rejected. 

The symmetrical triangle remains a focal point, but bearish corrective waves (ABC) suggest further declines unless the price can reclaim the resistance trendline.

A failed move could lead to key Fib levels: 0.382 ($0.963), 0.5 ($0.8489), and 0.618 ($0.7347). RSI shows slight upward movement but no bullish confirmation yet.

The price must break above the triangle’s upper boundary to negate further downside, triggering a rally toward higher values than $1.33.

A breakdown confirms a bearish continuation toward $0.85 or below, completing the Y-wave correction. 

Key Levels to Watch

• Immediate resistance: $1.09 (triangle resistance and 0.236 Fib level).
• Key support levels: $0.963, $0.8489, and $0.7347 (Fibonacci retracement zones).
• Upside breakout target: $1.33 (previous high).
• Downside confirmation: Triangle breakdown leading toward $0.85 or $0.73.