The AI16Z price surged 17% in the last 24 hours to trade at $2.30 as of 11:14 p.m. EST on trading volume that skyrocketed 105% to $630 million.
ai16Z Price On A Bullish Trend Reversal The AI16Z price analysis on the 1-hour timeframe shows a bullish trend. Following a period of consolidation, the price broke above the 50-day Simple Moving Average (SMA) around $1.9963 and continued higher, now trading at $2.3021, as data from GeckoTerminal shows. A rounding bottom pattern appears to have formed, a classic bullish reversal pattern.
The current uptrend is supported by higher highs and higher lows, and the breakout suggests the potential for further upward movement.
Immediate resistance lies near $2.35, with the potential to challenge psychological and structural levels around $2.50 if momentum persists.
The 200-day SMA at $1.9005 acts as strong dynamic support in the event of a retracement.$AI16Z
As we approach $100k, a quote from Raoul Pal has been ringing in my head. He said “The run from $3T to $30T is the biggest wealth creation opportunity of our lives. Be sure not to fudge this up.!”
With the arrest of Pavel Durov at the Le Bourget Airport in France 2 days ago, the inevitable tank of linked assets followed with both $TON and $NOT seeing sharp declines.
#Ton is approaching the bottom end of its trading band that it’s formed over the last few months. Breaching the bottom end will create new price discovery opportunities and possibly an opportunity for short sellers.
The 4-Hour chart shows some resistance as it’s approaching the bottom end of the band.
Fam, I know that you are all waiting for a sign to jump in but i hope you choose your entry point at the right time because as @Ben Walther always says, wait for Confirmation on the daily chart. Yesterday we got confirmation but it dipped again so wait for double confirmation (2days) Fam… Personally I’m waiting for 2 days confirmation above 61k
If you follow #TON you’d have noticed that it’s quietly moved into #9 in market cap. That in itself isn’t astonishing. What’s astonishing is the silence from Binance!
Less Trading and more Hodling. My lesson is that moving your funds around to try catch the next pump is a futile exercise. In fact, it’s probably capital destructive unless if you strike it lucky 🍀. I lost a lot this week chasing pumps and getting dumps.