This Low-cap AI Altcoin Could Increase Over 100% In The Near Future
The LayerAI (LAI) price has reclaimed a crucial price zone and formed decisive bullish signals. It may experience significant growth in the near future.
AI projects have been attracting investor attention in recent days. Bittensor (TAO) leads the trend with a remarkable 421% growth in the last 30 days. Leading AI tokens such as FET and AGIX have also shown impressive increases in recent days.
What is LayerAI (LAI)?
LayerAI is the ZK Layer-2 Blockchain that lets you own the monetisation of your AI data. Turn every task of your daily life into a source of income.
On November 17th, the Chief Technologist of LayerAI mentioned that they are preparing to launch ZK Layer-2 while awaiting Apple’s approval for the original LayerVPN.
These news could positively impact the price of LAI upon announcement.
Technical Analysis
The LayerAI (LAI) price has risen since reaching an all-time low of $0.0058 on October 6, 2023. This movement helped the price break above the crucial resistance zone at $0.0082 and confirmed it as support on November 18th (green arrow).
This indicates that the previous downtrend may have ended, and the price could be starting a new uptrend.
The daily RSI (Relative Strength Index) has also flipped the 50 level as support and is sloping upward, supporting the potential for further increases.
Therefore, the LAI price could rise to the nearest horizontal resistance zone at $0.016 in the coming days.
Breaking above this level could help the price rise to the next crucial resistance zone at $0.026, a 143% increase from the current price level.
Disclaimer: Please note that this article is for informational purposes only and should not be taken as investment advice. As an investor, it is important to do your own research before making any decisions. We are not responsible for any investment decisions you make based on this information. Not Financial Advice.
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