ai16Z Price Prediction: AI16Z Soars 18% As This Viral Cat-Themed Meme Coin Unveils Its Top 10 Slappers
The ai16z price has soared 18% in the last 24 hours to trade at $1.26 as of 7:10 a.m. EST on a 35% pump in trading volume to $650 million. ai16z Price Rebounds From A Double Bottom Pattern The price action of the AI16Z/USDT pair on the 4-hour timeframe highlights several critical technical patterns and indicators. Initially, the price showed a double top pattern around the $2.5 to $2.6 region, a classic bearish reversal signal. This pattern formed after a sharp parabolic rally, where the price surged aggressively, creating unsustainable upward momentum. The price reversed downward upon failing to break higher, breaching the neckline support at approximately $1.9. The breakdown of this level confirmed the bearish trend, leading to a steep sell-off. As the decline progressed, the price found a crucial support zone in the $1.15 to $1.2 range, forming a double-bottom pattern. This pattern, often a sign of bullish reversal, suggests that sellers lost momentum as buyers stepped in at thi...