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.