ai16Z surges over 40% on new partnerships and exchanges listings

ai16Z has recovered from its recent downturn after the project announced new partnerships and stock listings.

ai16Z, the native token of agentic AI project ai16z, rose 44% to an intraday high of $1.25 on January 22, bringing its market cap to over $1.35 billion at the time of writing . The price rise was accompanied by increased trading activity, with daily trading volume increasing 28.8% to nearly $500 million.

The gains follow increased demand for the token in the futures market. According to CoinGlass dataopen interest in the AI16Z futures market increased 33% over the past day to over $213 million.

Investor interest in AI16Z has increased following several stock market listings in recent days. January 22, Kraken Pro added the altcoin to its perpetual futures market, allowing traders to access leveraged positions. A few days earlier, on January 20, the decentralized trading platform dYdX also listed the token, further expanding its market reach.

Some notable partnerships have also supported the recent recovery.

ai16z(AI16Z) in partnership with decentralized infrastructure builder Hyperbolic on January 21 to leverage its scalable compute marketplace and verifiable inference services, as well as its agent creation toolkit to enhance the capabilities of AI agents deployed on its AI operating system, ElizaOS.

ElizaOS has also been integrated into the decentralized trading application Bebopwhich will enable AI agents developed on ElizaOS to carry out more efficient transactions.

Such developments are generally well received by the project community because they improve the overall performance of the platform.

The growing optimism around the project is evident in the increased interest from Smart Money Investorswho have accumulated around $790,000 worth of AI16Z tokens in the last 24 hours, according to Nansen data.

Analysts expect rally to continue

Pseudo-anonymous trader CryptoBull estimates that the altcoin could rebound 75% from its recently tested support zone of around $0.80.

An even higher target had already been projected by analyst Ali Martinez, who note In an X article on January 16, AI16Z was trading in an ascending parallel channel that has been forming since late December. It also highlighted $0.80 as a key support level.

AI16Z recently rebounded from the $0.80 level on January 20, confirming strong support at this level. Martinez foresees a potential rebound towards $2.60, a 113% increase from the current price, provided AI16Z continues trading within the ascending channel in the coming weeks.

Technical indicators also support the bullish forecast. On the AI16Z/USDT 1-day chart, AI16Z price was positioned above the 50-day exponential moving average, suggesting that the bulls continue to remain in power.

According to the Relative Strength Index indicator, the price has not yet reached overbought levels. At press time, the RSI stood at 49, with levels above 70 considered the overbought zone. This means that the altcoin rally can extend further if the strength of the trend continues.

However, the Supertrend line floating above the price indicates a potential decline in AI16Z before continuing the rally.