The AI-focused LayerAI (LAI) price has recently given a significant bullish signal, having decisively surpassed a critical resistance level, and an increase of approximately 50 percent is expected in the coming days.
What is LayerAI?
LayerAI is a ZK Layer-2 blockchain that allows users to monetize their data. By successfully combining blockchain and artificial intelligence (AI) technologies, LayerAI aims to decentralize the data and artificial intelligence market worth trillions of dollars.
Currently, LayerAI has an application with over 2 million users. As the only AI platform approaching the success of AI ChatGPT, it is making advances in areas such as music, gaming, dating, travel, and unlocking new sources of data revenue by joining the LayerAI ecosystem.
Daily View
AI coin LayerAI (LAI) price returned to the critical support level of $0.008 and confirmed it on November 17 (green arrow). This indicates that the previous event was just a divergence (green ellipse) and is often followed by strong upward movements.
Indeed, LAI price has since risen and surpassed the key horizontal resistance zone at $0.016, which has been a support and resistance level for the price since June 6, 2023.
The breakout is considered valid as it occurs with a bullish engulfing candle accompanied by significant trading volume.
The daily RSI is above 50, having crossed the bear divergence line (red line), providing support for possible further upside movement.
Therefore, there is a high probability that LAI price will continue to rise to $0.025, an increase of 44.17 percent from the current level.
Conclusion
The most likely scenario predicts a 44.17 percent increase in the LAI price to $0.025.
This bullish view could be invalidated if LAI price falls below $0.016 on the daily time frame.