Over the past 72 hours, the cryptocurrency market has faced a sharp downturn, with Bitcoin dropping from $102K to its current level above $93K. This change has impacted trending AI Agent tokens like AI16Z, GRIFFAIN, and ZEREBRO, which have experienced double-digit percentage drops but are holding key support levels.
AI16Z: Support Challenges and Recovery Potential
AI16Z's price has recently dropped from $2.36 to a key support level of $1.39, which had previously acted as resistance. Currently, the token has managed to recover slightly and is trading at $1.48. Maintaining the $1.39 level could allow the price to stabilize and potentially recover toward the $2.36 resistance zone. From a technical perspective, the MACD indicator shows bearish momentum, while the RSI has fallen into oversold territory, suggesting the possibility of a price reversal if buying interest emerges.
GRIFFAIN: Current Position and Potential Directions
GRIFFAIN has experienced a similar correction, falling from its all-time high of $0.5290 to its current position near $0.3765. It is currently testing a support range between $0.36 and $0.40, previously a significant resistance zone. The technical indicators indicate signs of declining bearish momentum, with the RSI dropping to 33.64, near oversold conditions. Historically, such levels have often provided an opportunity for buyers to re-enter the market, potentially driving a rebound.
ZEREBRO: Key Levels and Growth Potential
ZEREBRO has seen a significant decline, with its price dropping from $0.58 to $0.33, where it is now testing a crucial ascending trendline. If ZEREBRO manages to hold this trendline, a rebound toward the $0.58 resistance level may follow. However, technical indicators reflect a mixed outlook, with the MACD remaining in bearish territory and the RSI plunging to 20.03, signaling extreme oversold conditions.
AI16Z, GRIFFAIN, and ZEREBRO may show signs of recovery if they manage to maintain key support levels. It's also important to monitor Bitcoin's movements in the $91K-$94K range to assess the potential for overall market stabilization.
