The AIMBOT crypto optimized price around August 2023, as the price rose from $3.50 to $20.00 and plummeted right away, showing major buyers’ rejection from the supply zone and sellers got dominant.
After that, the price attempted to surge again from $8.00 but failed to exceed $16.00. This entire price action highlighted the strong buyer’s earlier rejection and the seller’s dominance.
Since the price failed to jump above $16.00, that structure led the price to plummet in a downward wedge and stretched its leg toward the demand zone. From the demand zone, the price took support, showed some spikes, and approached to cut the dynamic resistance of EMA’s from below.
In particular, the AIMBOT token demonstrated that sellers dominated buyers, formed continuous B-o-S streaks below, and reached earlier support at $3.75, the demand zone.
Concerning the price structure on the daily chart, the AIMBOT crypto has revealed a sign of an upcoming breakout possibility, as the price is showing strong sustenance gestures on a crucial support level of around $3.75 on the chart, and the price action has built a solid bullish pattern known as a ‘falling wedge.’
The AIMBOT token is almost geared for a massive surge as it harnesses buyers to crack the resistance level and rocket towards higher target levels or retest the supply zone from the current support demand level.
Apart from that, the price action in AIMBOT assets is exhibiting bullishness and the potential to increase the price to cross above the major trend 20, and 50-day EMA bands; depending on the buyer’s surge, the price could shoot upwards and reach or reclaim levels above.
Even though the technical oscillators in AIMBOT crypto assets exhibit bullish characteristics, MACD shows a bullish crossover. MACD line is at -0.5365, the signal line is at -0.6218, and the histogram is at 0.0852.
Similarly, the RSI is advancing smoothly and taking support from the 14-SMA smoothened line, signifying that the AIMBOT price is gaining momentum and can achieve new heights. RSI is currently at 41 and 14-SMA is at 34.
On overall analysis, the AIMBOT crypto asset illustrates bullish behavior and shows it could expand further in the coming sessions. Its past price structure shows that it has attained good performance in the last week by 2.13%, implying a start of an upcoming stable breakout in an upward direction.
At press time, the crypto has experienced a decline of 1.86% in the last 24 hours, and the CMP is trading at $4.6550.
Therefore, if the demand for the AIMBOT increases with momentum, the asset price could continue rising from the current level. The next goal for the price could be to reach $12.00, and the in-between hurdle would be $7.50.
Another possibility is that if the AIMBOT token price fails to stay above the $3.75 level, it could decline further.
Summary
The AIMBOT token has revealed a sign of an upcoming breakout possibility as the price shows strong sustenance signs on a crucial support level of around $3.75. The price action has built a bullish pattern called a ‘falling wedge’ pattern. It highlights that it could give a breakout soon.
Therefore, if the demand for the AIMBOT increases with momentum, the asset price could continue rising from the current level. The next goal for the price could be to reach $12.00, and the in-between hurdle would be $7.50.
Technical Levels
Support Levels: $3.75
Resistance Levels: $7.50
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
Source: https://www.thecoinrepublic.com/2024/02/15/aimbot-crypto-can-it-thrust-upward-and-reach-a-goal-of-12/