Is AIOZ Good to BUY in 2024?

In this article, we'll explore whether AIOZ Network presents a compelling investment opportunity in 2024. We'll analyze its fundamentals, recent price movements, and future prospects to help you make an informed decision.

What is AIOZ Network?

AIOZ Network serves as a foundational infrastructure for Web3 AI, Storage, and Streaming. It facilitates a faster, more secure, and decentralized digital landscape. Through a global network of DePINs (Decentralized Programmable Infrastructure Nodes), AIOZ incentivizes users to share computational resources for various tasks like storing, transcoding, streaming digital content, and powering decentralized AI computations.

AIOZ price Today: AIOZ Analysis

As of the latest data, AIOZ has seen a remarkable surge in price, escalating by approximately 40% from its robust support level of $0.60 to a formidable resistance level of $0.80. Currently priced at $0.83, it has demonstrated impressive short-term performances, with a 24-hour gain of +15.85% and a weekly increase of +37.7%.

AIOZ/USD 1-day chart - TradingView

AIOZ Price Prediction: Is AIOZ a Good Buy?

The question on many investors' minds is whether AIOZ will reach the coveted $1 mark again. Community speculations often influence price movements, yet technical analysis plays a crucial role. AIOZ's ability to surpass its current resistance largely hinges on broader market trends, particularly Bitcoin's trajectory. Despite recent gains, Bitcoin's downtrend poses a risk to AIOZ's upward momentum. In such scenarios, AIOZ might experience downward pressure, with potential low targets around $0.60. However, reaching a price of 1$ again shouldn't be a big issue for AIOZ crypto price.

AIOZ/USD 1-day chart - TradingView