AI16Z is confirmed as the native token of the newly launched car. Fun Ai Agent Platform. This can mark a turning point for AI16Z price, which after weeks of stagnation shows early signs of recovery.
Shaw, founder of Elizalabs and the Open Source Elizaos, confirmed that AI16Z will serve as the native token of the car. Fun Launchpad, which was officially launched on April 18. This milestone marks the successful implementation of a key to the project Q1 Roadmap project.
Designed as a development area for AI automation no-code, car. Fun makes possible development and deployment of autonomous AI agents who can communicate with other AI agents and web3 services. Potential use cases include the automation of Defi revenue strategies, managing social media accounts and conducting transactions on behalf of users.
According to the Blog post On the Governance Forum of the project, De Launchpad serves as ‘the primary way to implement’ flywheel ‘tokenomics that stimulate value to AI16Z’ for this includes the utilities of the Token to assign a percentage of launch costs to AI16Z, the use of the Token, and the offer for the first offering and the offerings for the offers and the offerings for the offers for the offers for the offerings, and the offerings for the offers, and the offerings for the offers for the offers, and the offerings for the offers, and the offerings for the offers, and the offerings for the offers, and the offerings for the offers for the offers for the offers, and the offerings for the new -class companies, and for the new -letting -to -the -service commandments companies Cousten -Tokens with AI16Z in Liquuidity Pools in Liquuidity Pools.
With regard to the price of AI16Z token, this development can indicate a upcoming rally-on condition that the platform gets a strong acceptance after the launch. As more users handle the platform and launch AI agents, the increased utility and retention requirements for AI16Z can reduce the circulating delivery and increase the purchasing pressure.
This can only be the catalyst that AI16Z has to break from his long -term downward trend. The token has been between $ 0.10 and $ 0.20 since 7 March, when it lost the crucial support of $ 0.20 and was driven lower.
Now signs of a potential recovery are on the rise, with momentum indicators that indicate an increased bullish momentum. The MACD line has been crossed above the signal line and the histogram is positively reversed. The RSI is 47.07, broke its internal range and tries to push to 50. A break above 50 would suggest that buyers are starting to take control.
Since April 9 there has also been a noticeable increase in green volume bars, which indicates possible accumulation. However, the average actual range is 0.0220, which is extremely low, which shows price compression. This can be the calmness for an outbreak, but also means tight series in the short term.
The next direct target for AI16Z is around $ 0.175, which matches the 50-day SMA. If this level is erased, the price could return to $ 0.20, and a successful recovery of that zone can open the path to $ 0.25, a horizontal support level that was established at the beginning of February.
