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The Ai16z price pumped over 8% in the last 24 hours to trade at $0.8657 as of 3:25 a.m. EST as investors rush to buy the altcoin.
Throughout the past day of trading, the AI16Z price also soared to a new all-time high of $0.8811. It has since pulled back over 2% to trade at its current level.
Ai16z Price Breaks Above Resistance
4-hour chart for AI16Z/USD (Source: GeckoTerminal)
The Ai16z price rebounded off of the $0.7594 support level after dropping out of a short-term ascending price channel in the last 24 hours. Following the bounce from the technical safety net, the crypto has gone on to break above the $0.8421 resistance. Should the altcoin remain above this mark for the next 12 hours, it could rise to as high as $0.9165.
On the other hand, a drop to back below the $0.8421 price point in the next 12 hours might invalidate the bullish thesis. In this alternative scenario, the Ai16z price could be at risk of losing the aforementioned support at $0.7594. Continued sell pressure if the crypto retests this level might lead to AI16Z plunging to $0.6478.
Technicals Point To A Continued Increase For The Ai16z Price
From a technical standpoint, indicators on AI16Z’s 4-hour chart suggest the crypto’s price might keep rising in the next 24 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing bullish signs.
RSI readings have started to rise in the last couple of hours after a brief drop. This could be interpreted as a sign of renewed buying interest, with the positive slope of the RSI line suggesting bulls are accumulating strength against bears.
Meanwhile, the MACD line is bullishly positioned above the MACD Signal line. Traders often see this specific orientation of the two technical indicators as a sign that a crypto is in a positive trend.
After a few hours of the MACD line collapsing toward the MACD Signal line, suggesting a potential weakening of the crypto’s bullish momentum, the margin has started to grow again. This might be an indication that AI16Z’s positive momentum is starting to pick up steam.
While AI16Z tries to keep its bullish streak alive, experts say new meme coin Crypto All-Stars (STARS) might be the best crypto to buy now.
The Ultimate Meme Coin Staking Platform
Crypto All-Stars (STARS) is unlike any other meme coin project that has come before it, given its high levels of utility. This is achieved by the project’s innovative staking platform, which offers support for its native STARS tokens as well as a variety of other big name meme coins.
Assets that can be put to work on the platform include DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. The team has also said that more staking options will be added in the coming months.
By simply staking any of these tokens, meme coin lovers will start to earn passive crypto rewards that are paid out in STARS.
Growing a STARS bag might prove to be lucrative, given all of the bullish predictions made about the project by multiple crypto experts. Among them is popular YouTuber ClayBro, who told his over 130K subscribers in a recent video that STARS could soar more than 10X after launch.
One way investors can grow their STARS holdings before this potential price surge is through the lucrative staking opportunity on offer. Anyone who buys and stakes the meme coin now will unlock access to a 177% APY.
Investors Rush To Buy STARS Before Its Presale Ends
Crypto All-Stars has raised over $15 million through its successful presale so far, signaling strong investor confidence in the project’s future. This buying frenzy around the new meme coin could continue as the project’s presale nears its end. With just over a week left, time is running out for investors to acquire the token at this early stage.
Investors who want to buy STARS before it’s too late can do so using the simple buy widget embedded on the project’s website. Selling for $0.0016782, STARS can be bought with either ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or bank card.
Purchase STARS here before it’s too late.
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