#AI16ZToken Bullish Update
AI16Z is showing strong signs of a potential breakout as it approaches the apex of a falling wedge pattern, a well-known bullish reversal structure.
Key Bullish Signals:
✅ Support Holding Strong: The price has been respecting a key horizontal support zone, preventing further downside. This accumulation phase indicates potential buying pressure.
✅ Bullish Divergence on RSI: The Relative Strength Index (RSI) has been forming higher lows while the price was making lower lows, signaling weakening bearish momentum and a possible reversal.
✅ Decreasing Selling Volume: The decline in volume along with price consolidation suggests sellers are losing control, increasing the probability of a breakout.
✅ Breakout Potential: If AI16Z breaks above the descending resistance line, we can expect a strong move toward the $0.35 - $0.40 resistance zone, with further upside potential toward $0.50+ if momentum strengthens.
Conclusion: AI16Z is showing strong accumulation and bullish divergence,