Important collection restaurants
AI Munt is struggling with AI16Z in the lead in the last 24 hours. Liquidity under the recent price promotion could force a new decrease, but buyers came up.
The broader cryptocurrency market had declined, but AI-oriented tokens had the victim of the sale, while investors rotated capital from the sector.
The hype around Solana [SOL] -Based AI projects fade quickly, with the bearish sentiment accelerated the drop.
At the time of the press, the total market capitalization of AI coins had fallen to $ 30.70 billion, which marked a 3% decrease in the day.
Trade volume also saw a sharp decrease, according to 15%, according to facts Van Coinmarketcap. Even Large-Cap AI-Tokens were not spared, with similar losses.
A remarkable example, AI16Z [AI16Z] Was dropped by 10% at the time of writing. Despite the steep decrease, the price hovered near a potentially favorable support zone, which suggests a possible rebound opportunity.
AI16Z price has been trading in a triangular pattern since the beginning of April. The price has failed several times to break above the sloping resistance since the High on 12 May.
The price was traded under the Supertrend indicator, but it could reverse as the pattern approaches the outbreak. The AI Munt was now in a zone that saw him rise in just one month.
As an alternative, a breakdown under $ 0.10 could cause more sale. The feeling about AI16Z was mixed because Price Promotion was Bearish, but on-chain statistics appeared.
Source: TradingView
Looking at the liquidation warmth, ai16z was deeper liquidity levels below $ 0.10 than any other level.
The most dominant is at $ 0.99. This indicated that the chance of a further fall was high because the prize tends to follow liquidity.
Some traders could leave their shorts, while others take their lungs just below this level of $ 0.10. This would cause a reversal. If there were to liquidated for more long, sharper drops could be activated.
Source: Coinglass
On the other hand, a liquidation cluster built at $ 0.116 level. The importance of $ 0.10 was supported by the activity at the chain at the level.
Whaly orders increase as buyers increase
Looking at information about chains about AI16Z, the place and Futures Taker CVD have been dominant since the end of June. The Altcoin had remained neutral since February, suggesting that the consolidation period.
The new 90-day volume delta was an indication that started to shift bias despite the drastic drops.
Source: Cryptuquant
Walis orders also spiked every time AI16Z was traded on or below $ 0.10 per cryptoquant facts. This was an indication of an accumulation zone.
Retail activity was slow, they are always too late for the party.
In total, signals on the chains can indicate a possible reversal for AI16Z. However, traders had to keep an eye on the direction of the outbreak in time references.
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