π 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.
π 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.
π 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.
π 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.
π 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.
π 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.
π 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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