LayerAI, is a zero-knowledge (ToM) Layer-2 blockchain that claims to monetize your AI data. According to the introduction of the application, tasks to be performed in daily life return to users as income.
LayerAI price recently retook a key price zone and formed decisive bullish signals. This indicates that the price may experience significant growth in the near future.
Artificial intelligence projects have been attracting the attention of investors lately. Bittensor (TAO) is leading this trend with a significant growth of 421% in the last 30 days. Leading AI tokens such as FET and AGIX have also shown impressive gains in recent days.
On November 17, LayerAI Chief Technologist highlighted that they are preparing to release ZK Layer-2 while awaiting Apple’s approval for the original LayerVPN. It seems that the positive outcome of this development may affect the price positively.
LayerAI Technical Analysis
LayerAI price has risen since reaching its all-time low of $0.0058 on October 6, 2023. This move helped the price climb above the key $0.0082 resistance zone and confirmed it as support on November 18 (green arrow on the chart).
This indicates that the previous downtrend may have ended and the price may start a new uptrend. The daily RSI (Relative Strength Index) has also reversed the 50 level as support and is sloping upwards, supporting the potential for further gains.
Because, LAI token The price may rise to the nearest horizontal resistance zone at $0.016 in the coming days. A break above this level could help the price rise to the next key resistance zone at $0.026, an increase of 143% from the current price level.