AIN broke above a descending trendline that had held since mid-July, confirming the move with a successful retest near $0.1047.
The token surged 30.1% in 24 hours, reaching a high of $0.1198 and setting $0.117 as immediate resistance.
Trading volume spiked to 165.35 million AIN, signaling increased activity around the breakout and support at $0.09163.
Infinity Ground’s AIN token moved decisively on the charts over the past day. The asset completed a breakout above a long-standing descending trendline that had held since mid-July. AIN’s price climbed to a session high of $0.1198, marking a 30.1% increase over 24 hours according to data from Coingecko. Notably, this shift followed a retest of the previous trendline near the $0.1047 level.
Volume rose in tandem, with 165.35 million AIN exchanged within 24 hours. The upward movement brought the token above the immediate resistance of $0.117 and established new momentum against the prior downward structure.
Downtrend Extension and Break Above the Line
Earlier trading sessions had shown AIN locked under a clear descending line starting at $0.21674. Sellers maintained control as the token drifted to a 4-hour low of $0.08560. However, recent trading activity reversed that sequence.
https://twitter.com/NihilusBTC/status/1953342995245216050
The price action breached the trendline on higher volume. The subsequent retest confirmed the breakout as price briefly returned to the line before extending gains. Market participants tracked this move on Binance’s 4-hour chart, noting the first sustained advance since July.
The breakout created new short-term price levels. The next area of focus appeared near the recent high of $0.1198. Meanwhile, support formed closer to $0.09163, where prior consolidation had emerged.
AIN Breakout Backed by Volume Surge Near Key Support
Trading volume supported the breakout with a 24-hour tally of 165.35 million AIN. This figure accompanied a marked increase in USDT volumes, which reached 16.72 million. The rise in participation coincided with the retest phase, indicating additional liquidity near the trendline zone.
This volume profile also highlighted the transition away from the mid-July consolidation. Before the breakout, AIN’s trading range narrowed as sellers and buyers prepared for a directional shift. The support at $0.09163 established a reference point that traders continued to monitor in subsequent sessions.
AIN Breakout Holds as Traders Monitor Key Continuation Levels
After the breakout, AIN encountered initial resistance near $0.117. The price tested this level while maintaining gains above the prior trendline. Notably, the 24-hour high at $0.1198 set a clear short-term target for traders assessing continuation patterns.
The price increase also affected the trading pair against Bitcoin, which registered a 28.8% gain to reach 0.051041 BTC. This movement aligned with the USDT advance, reinforcing the shift out of the descending phase. Each level established during this move remained in focus as market participants evaluated further developments.
