AI16Z Token Sees 30% Surge Followed by 13% Pullback as Volatility Dominates

The AI16Z token, an AI-focused digital asset, rallied 30% to $0.175 in a four-day surge before undergoing a 13.15% correction as market volatility intensified. Open Interest jumped 18.2% within 24 hours, reflecting strong but unsustainable bullish momentum.

Over the past fortnight, AI16Z has fluctuated between $0.126 and $0.169, with $0.147 establishing itself as a pivotal support/resistance level. Trading volume remains significantly higher than late-May figures, indicating persistent selling pressure despite recent price swings.

Technical indicators show mixed signals: While funding rates and OI suggested bullish positioning, the Chaikin Money FLOW (CMF) indicator warns of potential downside. The $0.175 level has now become a crucial resistance zone following liquidity absorption during the recent pullback.