Ai16z Price Prediction: As AI16Z Plunges 17%, This Blockbuster Meme Coin ICO Closes On $44 Million
The ai16z price plummeted more than 17% in the last 24 hours to trade at $1.80 as of 2:36 a.m. EST as investors dump their holdings in the altcoin on the market. The steep pullback by the AI16Z price in the last 24 hours was enough to erase the crypto’s weekly gains. As a result, the altcoin is just over 1% in the red on the 7-day time frame. Ai16z Price Resting On Support 4-hour chart for AI16Z/USD (Source: GeckoTerminal) The ai16z price is resting on the key support level at $1.7369 after printing a series of lower lows and lower highs, leading to the formation of a descending channel on the 4-hour chart. Should the crypto continue to trade within this negative range, it could stand the risk of losing the $1.7369 support and plunging to as low as $1.4891 in the short term. Conversely, ai16z breaking out above the descending price channel might lead to a rebound in the crypto’s price. In this more bullish case, the altcoin could end up trying to reclaim a position a...