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