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The ai16z price surged more than 35% in the last 24 hours to trade at $1.18 as of 10:47 a.m. EST as investors go long on the altcoin.
Despite the recent gain by the AI16Z price, the crypto’s weekly performance remains over 10% in the red.
ai16z Price Trying To Overcome Resistance
4-hour chart for AI16Z/USD (Source: GeckoTerminal)
The ai16z price is attempting a challenge at the $1.3011 resistance level. Should it close a 4-hour candle above this technical barrier within the next 8 hours, the crypto could gain the space needed for it to rise to the subsequent threshold at $1.6158 in the following 24 hours.
On the other hand, AI16Z failing to clear the $1.3011 resistance level within the next 8 hours might lead to a more bearish scenario playing out in the short term. Traders might start to exert sell pressure on the crypto in this alternative case, which could result in a test of the immediate support level at $0.9734. Continued sell pressure might then lead to a plunge to $0.7112.
ai16z Price Still Shows A Lot Of Bullish Technical Strength
From a technical perspective, indicators on the altcoin’s 4-hour chart suggest the ai16z price could keep climbing through the course of the next few hours. More specifically, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are flashing bullish.
RSI readings have risen from the low 40s to just below 60 in the last 24 hours, which suggests an increase in buyer strength. What’s more, the positive slope of the RSI line could indicate that bulls will continue to accumulate strength in the next few hours.
Meanwhile, the MACD line crossed above the MACD Signal line throughout the past day of trading. This specific technical event is often seen as an indication that a crypto has entered a positive trend, which seems to be the case in this instance given the increase in the ai16z price after the two lines crossed.
The growing gap between the MACD and MACD Signal lines suggests the crypto’s bullish momentum is picking up steam. This, coupled with the positive slope of the RSI line, could lead to a break above the $1.3011 resistance level soon.
While technical indicators suggest the ai16z price might keep climbing, investors are also piling into a new AI agent crypto rival called Mind of Pepe (MIND) to grow their portfolios.
Several crypto experts have stepped forward to share their bullish predictions for MIND. Among them is analyst and YouTuber ClayBro, who told his more than 721K subscribers that the meme coin has the potential to soar 20X on launch.
The First AI Derivative Of A Popular Crypto Brand
Pepe the Frog has inspired the creation of several meme coins in recent months. Of the number of new entrants, two in particular, Wall Street Pepe (WEPE) and Pepe Unchained (PEPU), stand out for their impressive presale performances.
Now, Mind of Pepe is looking to capitalize on the PEPE brand to gain traction in the market, and positions itself as the first AI derivative of a major meme coin. Central to the project is a sophisticated, autonomous and self-learning AI agent, which connects to social platforms such as X to identify developing trends in the crypto market.
After identifying a trend that could lead to profitable trade opportunities, the AI agent shares its insights with the Mind of Pepe community through token-gated groups.
To gain access to these insights, investors simply need to purchase MIND tokens through the buy widget embedded on the project’s website. Selling for $0.0031762, MIND can be acquired with either ETH, USDT, BNB or even bank card. There is also an attractive staking initiative on offer to presale investors, which currently offers a competitive 712% APY.
MIND’s Presale Closes On $3 Million
Mind of Pepe’s presale is off to a strong start. After raising nearly $1 million during its first 24 hours, the project’s total raise has nearly tripled to $3 million in the days that followed.
With the high staking rewards, the bullish predictions by experts such as ClayBro, and the hype around AI agent cryptos and meme coins, this bullish ICO momentum is likely to continue.
Purchase MIND tokens here before a scheduled price increase in 46 hours.
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