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The ai16z price plummeted more than 10% in the last 24 hours to trade at $0.8456 as of 10:48 p.m. EST as traders turn their attention away from the crypto.
The AI16Z price has been caught up in a negative sequence over the last 7 days, with the recent drop pushing the altcoin’s weekly performance to over 36% in the red.
ai16z Price Resting On A Key Support
1-hour chart for AI16Z/USD (Source: GeckoTerminal)
The ai16z price is resting on the key support at $0.7986 after plunging below the $0.8885 mark in the last 24 hours. Should sellers continue to exert pressure on the crypto’s price, it might stand the risk of plummeting all the way down to $0.7293 in the short term.
On the other hand, a rebound from the $0.7986 mark in the coming couple of hours could lead to a bullish scenario playing out. In this alternative case, traders might identify the ai16z price as a buy opportunity. This potential buy pressure could then result in AI16Z reclaiming the support of the aforementioned $0.8885 mark before rising to as high as $0.9809.
Technicals Suggest The ai16z Price Might Start To Rise Soon
From a technical standpoint, indicators on the crypto’s 1-hour chart suggest the ai16z price might start to climb soon. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest sellers are slowly starting to exit AI16Z’s charts.
In recent hours, RSI readings have started to rise, which suggests growing buyer strength. However, the current reading in the low 30s suggests that the ai16z price is near oversold territory and has a lot of upside potential if traders choose to capitalize on the opportunity.
It seems like some buyers are already taking advantage, as evidenced by the positive slope of the RSI line.
Momentum seems to be slowly shifting in favor of buyers as well. Throughout the past day of trading, the MACD line crossed below the MACD Signal line, a technical event that is often seen as a sign that a crypto has entered a negative trend.
In the last couple of hours, the MACD line has started to rise towards the MACD Signal line, which could indicate that the bearish cycle is coming to an end.
As the ai16z price tries to recover from its recent plunge, investors are piling into the presale for a new AI agent crypto rival called Mind of Pepe (PEPE) to grow their portfolios.
Several experts have stepped forward to share their bullish predictions for MIND. Among them is crypto YouTuber Jacob Bury, who told his more than 54.1K subscribers in a recent video that MIND could sar 10X after its launch.
AI Meets Meme Coin, The Ultimate Combination
Mind of Pepe is a new AI project which plans to connect a powerful, self-learning agent to online social platforms such as X. The computer model will then constantly be on the lookout for emerging trends in the crypto space, using hive mentality analysis to consolidate what people are saying online to determine where the market might be headed.
After identifying a new trend that could potentially lead to a profitable trade opportunity, the AI agent will share the exclusive market insights with the project’s community members through token-gated groups.
This means that anyone that wants access to the agent’s analysis will first need to acquire some MIND tokens. Currently selling for $0.0031889, MIND can be bought with either ETH, USDT, BNB or bank card through the simple widget embedded on the project’s website.
Investors might want to get their hands on some tokens soon, because MIND is perfectly positioned to explode given its clever play of sophisticated and powerful AI technology with lighthearted meme coin appeal. This could very well be the first crypto project that downplays just how cutting-edge its technology is by positioning itself as a meme coin.
With the recent hype around meme coins, MIND is sure to attract a large pool of investors. However, it could achieve unprecedented holder retention once investors truly come to understand the sophistication and utility of the project’s AI model.
Mind Of Pepe Raises Over $3.4 Million In Presale
Mind of Pepe’s presale is off to a strong start, and has already raised more than $3.4 million in early funding.
Another potential reason behind this buying frenzy, other than the bullish predictions by experts and the project’s clever combination of AI and meme coins, could be the 632% APY on offer to anyone who stakes MIND during this presale stage.
To get in on these rewards, investors just need to navigate to the staking page after acquiring MIND and lock up their tokens.
Purchase and stake MIND here for the 632% APY before a price increase in less than 48 hours.
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