ai16z sees a 13.15% price drop after short, swift rally – What happens next?

• AI16Z saw a strong short -term bull sentiment to $ 0.175 during the assembly, which was quickly perverted.
• The CMF indicator showed which way the traders should expect the price to continue to turn.

Token agent AI AI16z [AI16Z] He saw a strong short -term bull sentiment. After pullback to $ 0.134. July.

It gathered 30% in less than four days and reached a local maximum of $ 0.175 before volatility reappeared.

The AI ​​agent has seen a remarkable increase in open interest, with an increase in 18.2% in the last 24 hours. The AI16Z, which represented a quick pulback from $ 0.175, increased by only 2.05%last day.

The high level of funding and positive financing concerned an intensive short -term bull sentiment.

This sentiment could work against bulls because liquidity around $ 0.175 was swept before bear reversal.

Ambrypto examined whether the Altcoins bulls could soon be another escape attempt.

Rally or consolidation AI16Z?

The one -day chart showed that the trend AI16Z has been bear since May. Over the past two weeks, the token has been between $ 0.126 and $ 0.169, with a medium range level to $ 0.147.

The volume of trading was higher in the last month than in the last May, when the retracement began from $ 0.34.

This suggests that the sales pressure that hesitated at the end of May has taken over the AI16Z market in the last month. OBV agreed with this idea, creating a new lower minimum, a sign of a dominant sales volume.

The four -hour chart recorded bear divergence between MFI and the price, followed by evil rejection at the tops. At the time of writing, the price was on the middle range.

The inability to defend this level would mean that swing traders can prepare for a decline towards $ 0.135 or up to $ 0.126.

While the giant seemed to have treated in the last week, CMF was below -0.05 for most of the last week.

CMF was an indicator of more volume because of how volume weighs based on where the price is closed to the daily range.

+0.05 and -0.05 also filter out bad signals, making CMF finding more reliable.

The CMF showed that the sellers had the upper hand, while the AI16Z token was traded in the range. Therefore, AI16Z did not receive consolidation either.

Consistent sales pressure meant that distribution was underway and investors should be careful.

Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer