Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
AIOZ Network (AIOZ) Retesting Bullish Breakout – Is a Bounce Back On Horizon?

AIOZ Network (AIOZ) Retesting Bullish Breakout – Is a Bounce Back On Horizon?

CoinsProbeCoinsProbe2025/05/19 01:55
By:Nilesh Hembade

Date: Sun, May 18, 2025 | 03:30 PM GMT

The cryptocurrency market has mounted a solid comeback in recent weeks, with Ethereum (ETH) continuing to lead the charge. ETH has surged more than 57% in the past month and is now trading above $2,500 — a level not seen since late February. This bullish momentum is uplifting sentiment across altcoins, including AIOZ Network (AIOZ).

AIOZ has posted impressive monthly gains of over 69%, and now a key breakout is being retested — suggesting that another bounce back might be on the horizon.

AIOZ Network (AIOZ) Retesting Bullish Breakout – Is a Bounce Back On Horizon? image 0 Source: Coinmarketcap

Retesting the Cup and Handle Breakout

On the daily chart, AIOZ has formed a textbook Cup and Handle pattern — a classic bullish setup that typically signals the start of a strong uptrend.

After rounding out a broad “cup” base, AIOZ dipped briefly to create the “handle,” finding support around the 100-day moving average ($0.3445). This structure led to a breakout above the neckline resistance at $0.46, confirming the pattern.

AIOZ Network (AIOZ) Retesting Bullish Breakout – Is a Bounce Back On Horizon? image 1 AIOZ Network (AIOZ) Daily Chart/Coinsprobe (Source: Tradingview)

The breakout pushed AIOZ to a recent local high of $0.55, before a healthy pullback of around 23% brought the price back into the key breakout zone of $0.42 – $0.46. This level is now being retested — and holding it as support is crucial for bulls.

What’s Next for AIOZ?

During this retest, AIOZ has shown early signs of strength — rebounding from $0.42 to $0.46. If bulls manage to defend this support zone and volume begins to rise, AIOZ could reignite its upward momentum.

A breakout above $0.55 would mark a major bullish confirmation, likely setting the stage for the next leg up. Based on the height of the Cup and Handle pattern, the next technical target sits at $0.7542 — offering a potential +64% upside from current levels.

However, any sustained rally will likely depend on the broader market environment. If Ethereum continues climbing and altcoin sentiment improves, AIOZ could ride the wave higher.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Economic Truth: AI Drives Growth Alone, Cryptocurrency Becomes a Political Asset

The article analyzes the current economic situation, pointing out that AI is the main driver of GDP growth, while other sectors such as the labor market and household finances are in decline. Market dynamics have become detached from fundamentals, with AI capital expenditure being key to avoiding a recession. The widening wealth gap and energy supply are becoming bottlenecks for AI development. In the future, AI and cryptocurrencies may become the focus of policy adjustments. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still in the process of iterative improvement.

MarsBit2025/12/03 04:36
Economic Truth: AI Drives Growth Alone, Cryptocurrency Becomes a Political Asset

AI unicorn Anthropic accelerates IPO push, taking on OpenAI head-to-head?

Anthropic is accelerating its expansion into the capital markets, initiating collaboration with top law firms, which is seen as an important signal toward going public. The company's valuation is approaching 300 billions USD, and investors are betting it could go public before OpenAI.

Jin102025/12/03 04:28

Did top universities also get burned? Harvard invested $500 million heavily in bitcoin right before the major plunge

Harvard University's endowment fund significantly increased its holdings in bitcoin ETFs to nearly 500 million USD in the previous quarter. However, in the current quarter, the price of bitcoin subsequently dropped by more than 20%, exposing the fund to significant timing risk.

ForesightNews2025/12/03 03:32
Did top universities also get burned? Harvard invested $500 million heavily in bitcoin right before the major plunge

The Structural Impact of the Next Federal Reserve Chair on the Cryptocurrency Industry: Policy Shifts and Regulatory Reshaping

The change of the next Federal Reserve Chair is a decisive factor in reshaping the future macro environment of the cryptocurrency industry.

深潮2025/12/03 03:31
The Structural Impact of the Next Federal Reserve Chair on the Cryptocurrency Industry: Policy Shifts and Regulatory Reshaping
© 2025 Bitget