AI16Z – Can whale cashing out break the upward momentum? Can the price stay above $2?

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AI16Z (AI agent) has risen 200% in the past two weeks, driven by a series of bullish updates, particularly the launch of the Eliza agent launchpad in the first quarter of 2025. This increase has made AI16Z the market focus, but as whales begin to take profits from the rebound, the upward momentum of AI16Z may be tested.

Analysis firm LookOnChain points out that recently a whale sold $2.27 million of AI16Z at a price of $2.10, making a profit of $4.47 million (+1008%). After the token broke $2 on January 1, other wallets also began to take profits.

Speculative Bubble and Market Attention

Since the end of December, there has been a significant speculative bubble in the AI agent sector, with tokens like AI16Z being beneficiaries. According to Kaito's data, AI's attention has exceeded 60%, reaching a new high. Several exchanges have also begun to list AI16Z on the futures market. Since December 29, the open interest (OI) of AI16Z has surged to over $80 million, an increase of up to 8,000%. Experts expect AI agents to dominate in 2025, although the current agent functionality is relatively simple, and more advanced versions are expected to be launched in the next 6-12 months.

Price Analysis and Risks

The price of AI16Z has broken above $2, but the profit-taking by whales makes its future movement uncertain. Analyzing with the Fibonacci extension tool, the current upward momentum faces resistance at the 2.618 level (around $2.50). If this level is broken, AI16Z could rise to $3.45 (3.618 level), but it may also face a correction.

If whales continue to sell, the price could fall back to key support levels of $1.50 or $1.00.

Conclusion

Although AI16Z may continue to benefit from market attention in the short term, the profit-taking by whales and speculative bubble could lead to price volatility. Investors should pay attention to key technical levels and remain vigilant about potential correction risks.

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