{"id":620975,"date":"2025-01-24T04:26:50","date_gmt":"2025-01-24T04:26:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=620975"},"modified":"2025-01-24T04:26:50","modified_gmt":"2025-01-24T04:26:50","slug":"ai16z-price-prediction-ai16z-plummets-10-as-this-new-ai-agent-crypto-rival-raises-over-3-4-million-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ai16z-price-prediction-ai16z-plummets-10-as-this-new-ai-agent-crypto-rival-raises-over-3-4-million-in-presale","title":{"rendered":"ai16z Price Prediction: AI16Z Plummets 10% As This New AI Agent Crypto Rival Raises Over $3.4 Million In Presale"},"content":{"rendered":"

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.<\/span><\/p>\n

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. <\/span><\/p>\n

ai16z Price Resting On A Key Support<\/span><\/h2>\n

\"AI16Z<\/p>\n

1-hour chart for AI16Z\/USD (Source: GeckoTerminal)<\/span><\/p>\n

The ai16z price is <\/span>resting<\/span><\/a> 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.<\/span><\/p>\n

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 <\/span>AI16Z<\/span><\/a> reclaiming the support of the aforementioned $0.8885 mark before rising to as high as $0.9809.<\/span><\/p>\n

Technicals Suggest The ai16z Price Might Start To Rise Soon<\/span><\/h2>\n

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.<\/span><\/p>\n

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 <\/span>ai16z<\/span><\/a> price is near oversold territory and has a lot of upside potential if traders choose to capitalize on the opportunity. <\/span><\/p>\n

It seems like some buyers are already taking advantage, as evidenced by the positive slope of the RSI line.<\/span><\/p>\n

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. <\/span><\/p>\n

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.<\/span><\/p>\n

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 <\/span>Mind of Pepe (PEPE)<\/span><\/a> to grow their portfolios.<\/span><\/p>\n

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.<\/span><\/p>\n