Technical analysis by TraderASY about Symbol AI: Buy recommendation (12/5/2024)

Trend Analysis:The AI/USDT pair appears to be in a recovery phase after a prolonged downtrend.A recent bullish signal is visible, suggesting potential upward momentum.Support and Resistance Levels:Support: Around the $0.60 region.Resistance: Key level observed around $1.50, which may act as a psychological barrier.Technical Indicators:The chart includes a moving average (possibly a simple or exponential moving average) that recently crossed below price levels, reinforcing a bullish bias.Zero-lag signal indicator shows a buy signal, aligning with the price's upward trajectory.Long and midterm term targets are on the chart.