Date: Sat, February 22, 2025 | 04:41 AM GMT
In the cryptocurrency market, after the initial hype of AI Agents drove related tokens to massive rallies, a major correction followed in recent weeks. AI16Z and AIXBT have seen significant drops of 60% and 72% in the last 30 days.
However, after testing key support levels, both tokens are now showing signs of recovery with noticeable gains today.
Source: Coinmarketcap
AI16Z Analysis
Back in November-December, AI16Z experienced an extraordinary rally, surging by over 1,734%, pushing its price to an all-time high of $2.49. Since then, the token has faced a sharp decline, correcting 90% and finding support around $0.26 within an ascending channel.
AI16Z Daily Daily Chart/Coinsprobe (Source: Tradingview)
However, AI16Z has shown resilience at this critical support level and has now bounced to its current price of $0.37. The MACD indicator is showing early signs of bullish momentum as the histogram is turning positive.
If AI16Z successfully maintains this bounce, the first key resistance level to watch is the 25-day Simple Moving Average (SMA). A confirmed breakout above this level could pave the way for a stronger recovery, with next resistance targets at $0.62 and $1.26.
AIXBT Analysis
Similar to AI16Z, AIXBT also saw a major surge in November-December, rallying 580% to reach an all-time high of $0.96. The token then faced a prolonged correction, dropping by 82% and testing support at $0.16 within its ascending channel.
AIXBT Daily Daily Chart/Coinsprobe (Source: Tradingview)
AIXBT has now shown a strong bounce from this support level, currently trading at $0.1985. The MACD indicator is also displaying early bullish signals, suggesting that the downtrend might be weakening.
The first major resistance level to watch is the 25-day SMA, and if the price breaks above this level, AIXBT could eye further recovery toward $0.31.
Will the Uptrend Resume?
Both AI16Z and AIXBT have found support at critical levels and are attempting to recover. While the overall trend remains uncertain, the current bounce and improving technical indicators suggest a potential reversal.
If the tokens successfully break above their respective moving averages, they could enter a new bullish phase. However, investors should remain cautious and closely monitor volume and confirmation signals before making any trading decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before investing in cryptocurrencies.
