AI-powered investment DAO AI16Z sees whale-backed confidence as price trends aim for key price targets beyond $1.
ai16z AI16Z $0.80 24h volatility: 5.3% Market cap: $885.16 M Vol. 24h: $74.56 M is the first venture capital DAO (Decentralized Autonomous Organization) led entirely by AI agents. Spearheaded by the AI agent pmairca, the project leverages artificial intelligence and collective intelligence to make data-driven investment decisions.
Over the past 7 days, the ai16z token has increased by 12.53%, prolonging its 30-day returns to 263%. With a market cap of $897 million, ai16z is trading at $0.1855.
Inching closer to the $1 target and a market cap of $1 billion, the rising AI token is hinting at massive upside potential.
In the 4-hour chart, the ai16z price action showcases a rising trend at play. Currently, the ai16z token is facing resistance from the $0.8969, creating a rounding bottom reversal.
Currently, sustaining support at the 20 EMA line, the recovery run in the ai16z token continues a higher low formation. Furthermore, the 4-hour RSI line is sustaining above the halfway line.
Meanwhile, the 20, 50, 100, and 200 EMA lines in the 4-hour chart maintain a positive alignment. Hence, the technical indicators are optimistic about the upcoming price trend.
In case of a breakout rally, the uptrend is likely to exceed the $1 psychological mark with the trend-based Fibonacci level pending a target at $1.13 and $1.29. On the flip side, the crucial support for the ai16z token will remain at $0.7171 and $0.5386.
As the bullish trend in the ai16z token continues to gain momentum, the whale’s interest in this AI-powered token is continuing to grow. In the past 24 hours, the whale has withdrawn 13,000 SOL tokens worth $2.58 million to buy the ai16z token at an average price of $0.90.
The whale bought 2.86 million ai16z tokens from Coinbase. After the purchase, the whale transferred the tokens to the main wallet, which has a total holding of 15.6 million tokens. The valuation at this point was $14.93 million.
After the first purchase, the whale transferred an additional 11.35 million GRIFFIN tokens valued at $2.80 million. To prolong the buying spree, the whale exchanged GRIFFIN for 3.09 million ai16z tokens, which were then sent to the main wallet. This boosted the AI token holding to 18.7 million, which is currently worth $15.34 million.
As the whale continues to accumulate ai16z tokens, their strategic moves highlight strong confidence in the token’s potential. Further, the whale’s buying spree reinforces the growing bullish sentiment around ai16z and its rising prominence in the market.
Overall, the increasing whale activity and technical indicators suggest strong bullish momentum for the ai16z token. This hints at significant upside potential as it nears key price targets and market milestones.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.
