#AICrashOrComeback The AI/USDT pair has been experiencing a downward trend recently, raising concerns among traders and investors. As seen in the provided chart, the price has fallen by 5.36%, currently sitting at $0.2932. The key question remains: Is this a temporary dip or the beginning of a prolonged downturn?
Analyzing the Chart
1. Current Market Sentiment
The price is nearing its 24-hour low of $0.2922, which suggests a strong bearish sentiment.
A decrease of 5.36% in a short period signals a sell-off phase.
2. Resistance and Support Levels
Resistance: The 24-hour high is $0.3179, meaning any recovery attempt will face selling pressure around this level.
Support: The current lowest point is $0.2922, which could act as a temporary support. If it breaks below this, a further decline might follow.