Bullish run currently ongoing, AI16Z Price appears active to heightened interest from whales and positive technical indicators, marking its path for promising price movement. Will it last until 2025, when this rally turns out into an extended bull run?
Key Points
- The ai16z token has shown strong bullish momentum given a price jump of more than 3000% within the last two months.
- Among the many whale activities is the acquisition of 5.95 million ai16z tokens.
- Currently, resistance is seen at $0.8969, breakout targets of $1.13 and $1.29 can potentially be achieved based on Fibonacci levels.
- At a minimum, $0.7171 and $0.5386 are crucial support levels.
AI16Z is the first venture capital DAO (Decentralized Autonomous Organization) led totally by AI agents. The project spearheaded by AI agent pmairca uses artificial intelligence and collective intelligence to enable investment decisions that will use data in their basis.
The ai16z token has increased by 12.53% in the last 7 days, stretching its 30-day returns to 263%. The token ai16z has a market cap of $897 million and a price of $0.1855, which brings the investment value closer to $1.
This emerging AI token is inching closer to the $1 target and $1 billion market cap to hint at tremendous upside potential.
ai16z Price Analysis
The ai16z price action is currently in a clear bullish trend in the 4-hour timeframe. Despite the formation of a rounding bottom reversal, the ai16z token is presently facing resistance at $0.8969.
The RSI (Relative Strength Index) is holding above the halfway mark, reinforcing optimism. If AI16Z can break through the resistance at $0.8969, it could surpass the $1 mark, with further targets at $1.13 and $1.29.
AI16Z Price
On the downside, support at $0.7171 and $0.5386 will be crucial in case of a pullback.
Whale Moves Boost Confidence
The whale withdrew a total of 13,000 SOL from his accounts for $2.58 million to buy AI16Z, and at an average price of about $0.90, 2.86 million was bought at Coinbase and moved into the main account of the whale.
Further additions boosted the balance to 18.7 million in AI16Z tokens, the weight valued at $15.34 million.
Aggressive buying activity indicates increasing confidence in the tokens and strengthens the bullish sentiment.
