AI16Z Price Prediction: ai16z Surges 17% as Bullish Trend Reversal Takes Hold

The ai16z price surged 17% in the last 24 hours to trade at $2.30 as of 11:14 p.m. EST on trading volume that skyrocketed 105% to $630 million.

The ai16z price surged 17% in the last 24 hours to trade at $2.30 as of 11:14 p.m. EST on trading volume that skyrocketed 105% to $630 million.

The AI16Z price analysis on the 1-hour timeframe shows a bullish trend. Following a period of consolidation, the price broke above the 50-day Simple Moving Average (SMA) around $1.9963 and continued higher, now trading at $2.3021, as data from GeckoTerminal shows.

A rounding bottom pattern appears to have formed, a classic bullish reversal pattern. The current uptrend is supported by higher highs and lows, and the breakout suggests the potential for further upward movement.

Immediate resistance lies near $2.35, with the potential to challenge psychological and structural levels around $2.50 if momentum persists. The 200-day SMA at $1.9005 acts as strong dynamic support in the event of a retracement.

Meanwhile, the Relative Strength Index (RSI) is at 65.53, moving toward the overbought zone but still below the critical 70 level. This indicates strong bullish momentum, with room for further upside before overbought conditions emerge.

The Moving Average Convergence Divergence (MACD) blue line remains above the orange signal line, with the histogram showing increasing positive momentum. This confirms the bullish trend and suggests that buyers are in control. No bearish divergence is present, which supports the continuation of the uptrend.

The bullish breakout from the rounding bottom pattern suggests that AI16Z could continue its upward momentum. The next major resistance levels are $2.35 (recent high) and $2.50 (psychological level).

A breakout above these levels could see the price of ai16Z push toward $2.70, aligning with the measured move of the cup-and-handle pattern.

In the event of a pullback, the $2.20 level, which previously acted as resistance, is likely to serve as support, followed by the 50-day SMA near $2.00. The broader trend remains bullish as long as the ai16Z price stays above the 200-hour MA at $1.90.

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