ai16z price jumps 15% as AI agent nears $1M mark on first day

The price of ai16z rose more than 15% in the past 24 hours to trade at $1.35 as of 3:22 a.m. EST as investors move into crypto-AI.

Despite AI16Z’s price surge, the crypto is still down over 44% from the all-time high of $2.47 set on January 2.

Ai16z Price Breaks Above Resistance

4-hour chart for AI16Z/USD (Source: GeckoTerminal)

THE ai16z The price managed to break through the resistance level at $1.2201 in the last 24 hours and is now trying to overcome the next major barrier at $1.4834, according to GeckoTerminal data. If the crypto overcomes this technical hurdle, it could have the room to reach $1.7209 in the near term.

On the other hand, failure to close a 4-hour candle above $1.4834 in the coming 8 hours could invalidate the bullish thesis and end the crypto’s recent rally. In this alternative scenario, traders could start taking profits and put selling pressure on ai16z price. THE crypto could then fall back below $1.2201 before falling back to $0.9027.

Bears are slowly starting to regain control of the Ai16z price

From a technical perspective, indicators on the crypto’s 4-hour chart suggest that bulls are slowly starting to exit AI16Z’s order books. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are both showing early bearish signs.

Recently, the RSI fell from 59 to 56, suggesting a decrease in buyer strength. Although the latest reading above the neutral 50 mark indicates that buyers are currently stronger than sellers, the stabilizing slope of the RSI line warns that the situation could reverse in favor of the bears.

The bulls’ momentum has also started to calm down, as suggested by the MACD line collapsing towards the MACD Signal line. If the gap between the two technical indicators continues to narrow, a bearish crossover of the two lines could take place. In case the MACD line crosses below the MACD signal line, traders might react negatively and sell in panic.

As traders begin to exit ai16Z’s charts, an investor frenzy has erupted around a new AI agent and Pepe derivative hybrid called The spirit of Pepe (SPIRIT)which has raised over $950,000 in pre-sales in less than a day since its launch.

A self-evolving AI designed to quickly identify crypto market trends

Mind of Pepe is the first AI-powered Pepe derivative. At the heart of the project is a sophisticated, self-learning, self-developed AI model designed to surf X (formerly Twitter) and other platforms to identify developing crypto market trends. hive mind analysis help.

Once collected, the AI ​​will distribute the proprietary market insights to members of the project’s token-gated communities, enabling them to make more informed trading decisions.

Beyond identifying emerging market trends, autonomous AI will also be able to shape crypto dialogue by sharing its opinions and interacting with others online.

Usually, AI models fail to adapt to ever-changing market cycles and trends. Mind of Pepe’s AI model addresses this common pitfall with various cutting-edge technologies that allow it to identify performance dips and update itself as necessary.

Mind Of Pepe raises almost a million dollars in its first day

Mind of Pepe has raised nearly $1 million in pre-sales in less than a day since its launch, demonstrating strong investor confidence in the project’s future at this early stage.

Experts have started coming forward to share their bullish predictions regarding the new AI-powered meme coin. Among them is an analyst from YouTube channel 99Bitcoins, which has more than 721,000 subscribers, who says the opportunity to invest early in MIND “is too good to pass up.”

The analyst also highlighted the strong performance of AI cryptocurrencies over the past few months and boldly predicted that Mind of Pepe could be the “best of them all.” Investors clearly share the same sentiment, as evidenced by the project’s impressive raise so far.

Anyone wishing to acquire MIND before it enters the open market can do so using the simple in-app purchase widget on the project’s website. Priced at $0.0031134, the meme coin can be purchased with ETH, USDT, BNB, or a bank card.

After acquiring MIND, investors can immediately put their tokens to use through the attractive staking initiative offered to early-stage buyers. Anyone who buys and stakes on MIND now will have access to a staggering 1,825% annual return.

Visit the official MIND website here.

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