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Cryptocurrency News Articles

Ozak AI Presale Gains Momentum with High Demand as Shiba Inu (SHIB) and Dogwifhat (WIF) Experience Waning Momentum

Jan 16, 2025 at 07:08 pm

With Shiba Inu (SHIB) and Dogwifhat (WIF) experiencing waning momentum in recent weeks, buyers are now shifting focus to Ozak AI, a new AI-powered

Ozak AI Presale Gains Momentum with High Demand as Shiba Inu (SHIB) and Dogwifhat (WIF) Experience Waning Momentum

Shiba Inu (SHIB) and Dogwifhat (WIF) have both experienced waning momentum in recent weeks, leaving buyers to shift their focus to other projects. Among the up-and-coming projects that have caught the attention of many investors is Ozak AI, a new AI-powered blockchain project offering unique opportunities and a promising rally in its presale phase.

SHIB Holds Key Support Levels but Struggles to Maintain Momentum

Shiba Inu began the week trading at $0.000021, just above its 200-day EMA. This level also coincides with the 61.8% Fibonacci retracement, which is a critical reversal zone when measured from the August 5 low of $0.000010 to the December 8 high of $0.000033. After retesting the $0.000019 support level on Monday, SHIB is now experiencing a blend of both bullish and bearish technicals.

The Relative Strength Index (RSI) is indicating mild bearish pressure, as seen by the reading of 44. However, the Moving Average Convergence Divergence (MACD) isフラットaround zero, indicating no clear direction.

Analyzing on-chain data from IntoTheBlock, the In/Out of the Money Map (IOMAP) shows that 17,160 addresses bought 3.22 trillion SHIB tokens at an average price of $0.000021. A bearish breakdown of $0.000019 could lead to a sell-off to $0.000016, marking a 15% decline.

Despite this, sideline buyers may have an opportunity to build up their position in SHIB within the $0.000019 to $0.000021 zone. As uncertainty increases, however, most holders are seeking other projects, such as Ozak AI, which combines the use of artificial intelligence and blockchain technology.

Dogwifhat Faces Extended Bearish Pressure Amid Low RSI and Strong ADX

The Dogwifhat (WIF) token has witnessed aggressive selling pressure, as reflected by the Relative Strength Index (RSI) at 17.8, which indicates that the token is now oversold. The Average Directional Index (ADX) has risen to 43.7, which shows that the bearish trend is strong. The current price volatility of $WIF is also indicative of the meme coin market, which is largely influenced by whales and retail traders.

The key support for $WIF is at $1.32, and a break below this level may possibly see the price drop to $1.07, which is a 30% retracement. On the positive side, a market interest could push $WIF past the $1.73 resistance level and on its way to $2.2.

Nevertheless, with $WIF still having a hard time to recover from the recent price drop, its investors are looking for other opportunities such as Ozak AI. This project, which is based on artificial intelligence, has received much attention for its capability to provide a more stable and worthwhile investment in 2025.

Ozak AI Presale Gains Momentum with High Demand

Ozak AI, a blockchain platform that incorporates predictive AI, is still in the second round of the presale and is selling $OZ tokens at $0.002. The presale has already garnered $150,000, with 81% of tokens sold, proving the high interest of the community.

In an attempt to get early adopters, Ozak AI has come up with a reward system where the first one hundred participants will be awarded $100,000 and $50,000 in cash, respectively. The platform also provides a 10% bonus for referrals to involve more members of the community. At the target listing price of $0.05 and expected growth to $1, the $OZ token is a great chance for those willing to purchase highly profitable assets in 2025.

The platform’s slow release of tokens and the total supply of 10 billion tokens are planned to avoid inflation and ensure the long-term stability of the currency. Ozak AI's emphasis on sustainable tokenomics has therefore made it an ideal choice for those dumping other meme coins such as SHIB and $WIF.

For more information about Ozak AI, visit the below links:

Website: https://ozak.ai/

Twitter: https://x.com/OzakAGI

Telegram: https://t.me/OzakAGI

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Other articles published on Jan 17, 2025