AI16Z Rockets 20% Pre-Bithumb Listing—Pump Before the Dump?
Another day, another crypto moonshot—AI16Z surges like it got a text from Elon. Bithumb’s listing hype fuels the rally, but let’s be real: when exchanges start playing cheerleader, someone’s usually left holding the bag.
Will the ’greater fools’ theory hold? Technicals scream overbought, but since when did that stop a degenerate gambler? Watch those order books—liquidity tends to vanish faster than a VC’s promises during a bear market.
AI16Z price analysis
On the daily chart, AI16Z has broken out of a bullish pennant pattern that had been forming over the past three months, a classic bullish setup in technical analysis.
Also, the 20-day EMA (blue) looks ready to cross above the 50-day EMA (green), which could form a golden cross soon. That’s a strong bullish signal and usually means a bigger uptrend could soon be at play.
On top of that, the SuperTrend indicator has flipped green, adding to the positive momentum.
Based on this setup, AI16Z’s next likely target is around $0.44, up about 48% from its current price, a level where it previously struggled during its brief March rally.
Traders on X also appeared optimistic about AI16Z’s next leg up and have set even higher targets. According to a pseudonymous user identified as UniChartz, AI16Z has broken above a key descending resistance line on the 1-day USDT perpetuals chart, suggesting a potential major trend reversal is underway.
As long as AI16Z holds above the $0.188–$0.244 zone, the bulls could target a move toward $1.15, they added.
Another trader echoed the bullish outlook, calling the recent breakout a “strong entry” and setting an initial target for a massive 325% gain. See below.
$AI16Z
Strong entry here after structure flip.
First target: +325%.
Invalidate if we break below the local structure trend holds, or I’m out.
Next stop:
ATH neckline for a clean +500% gain, targeting 6x. pic.twitter.com/tYPkFtY11c
While AI16Z is already listed on several major centralised exchanges, its debut on Bithumb, one of South Korea’s top crypto platforms, could help extend its ongoing rally as the token is exposed to a wider user base.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
