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AI16Z Struggles Against Bearish Trend Despite Major Whale Buy
AI16Z Struggles Against Bearish Trend Despite Major Whale Buy
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AI16Z News -
AI16Z’s market direction remains unclear as a substantial whale purchase fails to offset growing bearish momentum. The token is currently trading at $0.3455 following a 10.38% decline, having faced rejection at $0.3678 amid increasing long liquidations.
Derivatives data indicates declining confidence, with Open Interest dropping 13.88% to $117.45 million. This reduction in positions highlights market caution despite a notable $2 million acquisition of 5.57 million tokens via Jupiter Aggregator.
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