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The ai16z price has plummeted 19% in the last 24 hours to trade at $1.46 as of 7:10 a.m. EST on a 25% pump in trading volume to $505 million.
ai16z Price Could Continue The Downturn
The AI16Z/USDT 4-hour chart highlights meaningful price action and patterns that suggest a bearish sentiment. Initially, the price experienced a strong parabolic rise from around $0.50 to $2.60, reflecting bullish momentum.
However, this upward movement was followed by a double-top pattern around the $2.50-$2.60 resistance area, signaling a potential reversal.
The failure to break above this resistance marked a shift in sentiment. The subsequent breakdown of the neckline support at $1.80 confirmed the bearish reversal, with the price continuing to decline to $1.462, suggesting that selling pressure remains strong.
AI16ZUSDT Analysis Source: Tradingview
Additionally, the 50-period moving average (MA50) at $1.981 now serves as resistance, and the 200-period moving average (SMA200) is also trending downward, further reflecting the weakening long-term.
Despite the bearish trend, the Relative Strength Index (RSI) is at 31.53, close to the oversold zone. This could indicate an overextension in the bearish momentum and a possible short-term rebound if buying pressure for the ai16z price resumes. If the price continues to fall, the next significant support level lies at $1.20, with the possibility of further declines to $1.00 or lower.
For a bullish reversal to occur, the price must reclaim the $1.80 neckline and push above the $1.981 resistance level (the MA50). Such a movement could indicate that the market is finding its footing and may look to test higher levels, potentially moving toward the $2.00-$2.20 range.
On the flip side, if the price continues to fall, $1.20 is the next key support level, and a break below this could lead to a further decline to $1.00 or lower.
Final Call To Buy Flockerz As Presale Zooms Toward $10 Million
As the ai16z price plummets, investors are still pumping funds into Flockerz (FLOCK), a bird-themed meme coin that has raised more than $9.2 million in presale.
According to an analyst on 99Bitcoins, a popular YouTube crypto channel with over 719K subscribers, FLOCK could potentially deliver a massive 100X return once it launches.
Flockerz uses its innovative Vote-To-Earn model to reward users for voting on proposals and actively contributing to the project’s decision-making.
Upon acquiring FLOCK, users automatically join FlockTopia, where they can vote on important matters like marketing strategies and token burns.
Participants are rewarded with extra tokens through smart contracts for their votes. The system promotes long-term decentralization by encouraging token holders to remain actively engaged and regularly participate in voting.
Stack em high with The Flock! 🔥🐦 pic.twitter.com/4IiEhZTPxN
— Flockerz (@FlockerzToken) January 6, 2025
Flockerz also offers a passive income opportunity through a staking program with a huge annual yield of 293%.
This is the final opportunity to participate before the ICO concludes in less than 13 days.
Buy FLOCK using BNB, ETH, USDT, or a bank card.
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