AI16Z (AI16Z) Rallies 35% After Agentic AI Platform Founder Reveals Details of Upcoming Eliza Update

ai16z (AI16Z) rose 35% to an intra-day high of $1.27 on Jan. 14, while its market cap surged from $1 billion to nearly $1.4 billion at that time

ai16z (AI16Z) price rallied over 35% on Jan. 14 after its founder revealed details about the upcoming update to its AI operating system, Eliza. The token surged to an intra-day high of $1.27, adding nearly $400 million to its market cap, which stood at $1 billion a day earlier.

The rally was accompanied by a surge in trading activity, with its daily volume jumping 33% over the past day to $646 million. The token was also trending on CoinGecko at the time of writing.

This surge also coincided with the overall crypto market recovering from a recent downturn, adding further momentum to AI16Z’s price movement.

Agentic AI platform native token surges after founder reveals upcoming update to its AI OS

AI16Z rallied after the project’s founder, Shaw, shared details about the version 2 update to Eliza, the operating system powering the Agentic AI platform. The update will reportedly deliver a suite of advanced features.

Some of the key highlights include full autonomy for seamless operation, unified wallet abstraction for streamlined asset management, and a sophisticated plugin registry to support diverse integrations.

The rally further gained strength after the official technical whitepaper for the Eliza OS was released on Jan. 14.

AI16Z price technical analysis: Bullish continuation likely

At the time of writing, AI16Z’s price was positioned above the 50-day Moving Average, which suggests that the bulls were still in control. This was confirmed by the Average Directional Line indicator, which showed a reading of 40. Typically, a reading above 25 signals strong trend strength.

Further, the histogram bars on the Moving Average Convergence Divergence were diminishing in size, which is also a signal for a bullish reversal. Meanwhile, the Relative Strength Index was at 47, which indicates that the altcoin has plenty of room for gains before hitting the overbought zone.