MyCryptoParadise

AI/USDT Need to bounce from support to continue upward movement!

BINANCE:AIUSDT   AI / TetherUS
πŸ’Ž AI has recently exhibited significant market dynamics, currently undergoing a retesting phase at the support level, which previously acted as resistance before a successful breakout.

πŸ’Ž If AI manages to bounce from this support level, it could signal a continuation of the upward movement, probability leading to a test of the all-time high (ATH) on the Binance exchange and even the formation of new ATHs.

πŸ’Ž However, if AI fails to bounce from the support level and instead breaks down below it, this could indicate a false breakout scenario. In such a case, the price may retreat to the demand area for a new momentum.

πŸ’Ž At the demand area, it's crucial for AI to bounce and reclaim the price above the support level before resuming the upward movement. Failure to do so, resulting in a breakdown below the demand area, could signal further downward movement for the price.

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