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AIOZ Network is a comprehensive infrastructure solution for web3 storage, decentralized AI computation, live streaming, and video on demand (VOD). It is a combination of cosmos and compatibility of Ethereum Virtual Machine (EVM).
Consensus mechanism- It uses the tender mint core and delegated proof of stake mechanism. It also employs a novel consensus mechanism called Proof-of-Delivery (PoD). After the content is delivered, Proof of Delivery will be sent back to the HUB node for verification.
Any daily close above $1.10 confirms further bullishness.
AIOZUSD has gained more than 40% in the past three days. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $0.7940 and is currently trading around $0.7801.
The bullish invalidation can happen if the pair closes below $0.50. On the lower side, the near-term support is $0.67. Any close below targets of $0.50.
The pair's near-term resistance is around $0.80. Any breach above confirms minor bullishness. A jump to $1/$1.10 is possible. A surge past $1.10 will take it to $1.50/$2.
It is good to buy on dips around $0.68-0.70 with SL around $0.50 for TP of $1.10/$1.50.
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