Weekly $AITECH price analysis from #SolidusHub #SocialMining community:
Last week, we, as #DAOLabs social miners, saw that the price tested lower supports with a bearish bias. The general decline of the market is actually necessary for the long term. Because without liquidation, rallies upwards are unhealthy and the price cannot rise confidently; in fact, this is the general market situation we are experiencing now. In the long term, we can see solid support points on the chart. With the gain of the red area above, there may be upward reactions. Because the orange zone is actually an S/R flip zone. These areas work as both support and resistance, and in general, hard movements are seen when these areas are broken.
This analysis does not constitute investment advice. We recommend that you conduct your own research.