Blockchain platform Aleph Zero (AZERO) has been holding above a key support level near $0.84, giving hope to its fans for a bullish breakout. However, the price of AZERO has formed a bearish technical pattern known as the ‘Descending Triangle’. This pattern suggests a potential 77% drop in the coin’s price, with a theoretical target near $0.19. Despite this, the recent rally in AZERO’s price has seen a 20% spike since October 20, reaching a daily high near $0.865 on October 30. Bulls are now trying to defend the 100-day EMA trendline support. If the price falls below this support, it may drop to the support near $0.8. On the other hand, the 20-day EMA and 50-day EMA are forming a bullish technical pattern called the Golden Cross, indicating positive market sentiment. If buyers enter the market, the price of AZERO may rally to the resistance near $0.88 and potentially target the 200-day EMA resistance near $0.92. Aleph Zero is a privacy-centric blockchain platform that uses a Proof-of-Stake consensus mechanism and a directed acyclic graph (DAG) to achieve fast transaction speeds. The platform aims to provide privacy-enhanced products within existing compliance regulations to facilitate institutional integration.