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The post <a href="https://coinpedia.org/price-analysis/aioz-price-breakout-run-eyes-a-2x-surge-if-bitcoin-regains-68k/" rel="noopener noreferrer nofollow">AIOZ Price Breakout Run Eyes A 2x Surge If Bitcoin Regains $68K</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the meme and AI tokens are on a sloping hill, the supply surge in Bitcoin and Ethereum fuels the FUD run. Amid the scarcity of bullish momentum, the AIOZ price trend struggled to sustain the uphill journey.&nbsp;
With a potential relief in the coming days, the AIOZ token could prolong the breakout run. So, will the bullish trend in the AIOZ price jump to the psychological mark of $2?
<h2 class="wp-block-heading" id="h-wedge-breakout-in-aioz-hits-a-speed-bump-near-0-60">Wedge Breakout In AIOZ Hits A Speed Bump Near $0.60</h2>
With a rounding bottom reversal from the $0.40 level, the AIOZ price reclaims the $0.50 psychological mark. Furthermore, the bull run in the AI token ends the trend of lower high formation.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdASSOuLXOUOXcLM5Gjez_-n0glWRKP1YKeE94OglKh2AifhtoeVw1sXcnLHZJYOhwOz5_nz6b6hLIBN8bY46oFC_ADTRdz_JM2xWk3b7apqZPK_Mugm0E0Xrys9cc_jr2tE_y5Xqrf4w70XXLwBnnmOLQ?key=_e7b7T75mS078dHF7dDqXw" alt="">
</figure>
<a href="https://www.tradingview.com/x/Fi9rIvvT/" rel="noopener noreferrer nofollow">TradingView</a>
In the daily chart, the recovery rally gains momentum with a falling wedge breakout. Furthermore, the relief phase challenges the 23.60% Fib level at $0.59.&nbsp;
Currently, the AI token trades at $0.60 with an intraday drop of 3.18% as the consolidation at the 23.60% Fib level grows. Furthermore, this fib level acts as the neckline of the rounding reversal.&nbsp;
Technical Indicators:
RSI: The daily RSI line shows a bullish trend on the verge of crossing into the overbought boundary.&nbsp;
MACD: The bullish continuation of the MACD and signal lines enter the positive territory.
Hence, the technical indicators tease a potential bull run in the coming times.
<h2 class="wp-block-heading" id="h-will-the-aioz-price-top-1">Will The AIOZ Price Top $1?</h2>
As per the trend-based Fibonacci levels, the AIOZ price could shortly surpass the 23.60% Fibonacci level at $0.59. However, a potential push from a broader market recovery will be a trend-changing catalyst. The bull run in the AI token is likely to challenge the previous swing-high peak at $1.0839.&nbsp;
Optimistically, the Fibonacci levels paint a lucrative target at $1.70 with the 1.618 Fibonacci level, a 2x surge in the coming days.&nbsp;

AIOZ Price Breakout Run Eyes A 2x Surge If Bitcoin Regains $68K

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