Date: Sat, July 05, 2025 | 07:40 AM GMT
The cryptocurrency market is showing signs of upside momentum as Ethereum (ETH) jumps over 4% in the past 7 days, now trading around $2,520. Riding this bullish wave, many tokens are flashing strong technical setups — and AI16Z (AI16Z) is looking particularly promising.
AI16Z has already gained over 10% today with impressive 23% weekly gains, but what’s grabbing serious attention is its current chart pattern — which is now mirroring a breakout structure recently seen on SEI, a move that ended in a 76% rally.
Source: Coinmarketcap AI16Z Mirrors SEI’s Breakout Setup
A side-by-side look at SEI and AI16Z’s daily charts reveals a nearly identical setup.
Just a few weeks ago, SEI was consolidating inside a falling wedge — a classic bullish reversal pattern. Once it broke out above the wedge and surged past the 100-day moving average (MA), SEI launched into a powerful 76% rally, eventually pushing above its 200-day MA and confirming a strong trend shift.
Now, AI16Z appears to be walking the same path.
Today, AI16Z broke out of its own falling wedge formation — the first bullish signal. It’s now making a move toward its 100-day MA resistance, sitting near $0.2122. This is the same position SEI was in just before its major breakout.
What’s Next for AI16Z?
To confirm the bullish setup, AI16Z needs to close above its 100-day MA (currently near $0.2122). A confirmed breakout would open the door to a potential rally toward the $0.25 resistance zone — marking a possible 50% upside from current levels.
However, if the move fails and AI16Z gets rejected at resistance, the breakout could turn into a fakeout, possibly leading to more sideways consolidation.
