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.
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) 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.
