#AI16Z
AI16Z has rebounded by about 140% since the beginning of the month, showing relatively strong performance among altcoins. Two days ago, it was mentioned that the four-hour trend clearly indicated the entrance of new market makers starting to support the price, but no clear bottoming signal has been observed.
Currently, the price has risen and retreated about 25 points below the resistance zone of 0.6-0.8. Without fully building up momentum, the upward strength is insufficient.
If it further tests the bottom area again and stabilizes, or if it breaks above the resistance zone of 0.8 and confirms the pressure turning into support, it would be a good entry opportunity on both the left and right sides.
