ai16z confirmed as native token for Auto.fun as price sentiment turns bullish

AI16Z was confirmed as the native token of the Auto Platform. This could mark a turning point for the AI16Z price, which shows the first signs of recovery after weeks of stagnation.

Shaw, founder of Elizalabs and the opening ElizaosConfirmed that the AI16z will serve as a native token of the car. Fun Launchpad, which was officially launched on April 18. This step marks The successful execution of a key deliverable from the road Q1 roadmap.

Designed as a development field for AI code automation without code, Auto.Fun allows the development and deployment of Autonomous AI agents which can interact with other AI and AI agents and Web3 services. Potential use cases include DEFI automation yield Strategies, management of social media accounts and execution of professions on behalf of users.

According to the blog On the project governance forum, the Launchpad serves as “the main way to implement the” steering wheel ” tokenomics This driving value in AI16Z “To this end, the mechanisms of usefulness of the token include the allocation of a percentage of launch costs in AI16Z, requiring AI16Z assets for access to the launch of new agents, using the token for initial offers and to token of torque agent with AI16Z in liquidity pools.

Regarding the price of the AI16Z token, this development could point out an upcoming rally – provided that the platform is a strong adoption after the launch. While more and more users engage with the platform and launch AI agents, the increase in the requirements of utility and retention for AI16Z can reduce food in circulation and increase the purchase pressure.

This could just be the AI16Z catalyst must get out of its prolonged downward trend. The token was linked to $ 0.10 and $ 0.20 since March 7, when it lost the crucial support of $ 0.20 and the continuation of the lower drift.

Now, the signs of a potential recovery emerge, the indicators of Momentum signaling an increased dynamic increased. The MacD line was crossed over the signal line and the histogram overturned positive. The RSI is 47.07, having broken its internal range and tried to push around 50. A break greater than 50 suggests that buyers are starting to take control.

Since April 9, there has also been a significant increase in green volume bars, referring to a possible accumulation. However, the real average range is 0.0220, which is extremely low, showing price compression. This could be calm before an escape, but also means short -term tight ranges.

The following immediate objective for AI16Z is about $ 0.175, which aligns the 50 -day SMA. If this level is authorized, the price could bounce back to $ 0.20 and a successful recovery from this area could open the way to $ 0.25, a level of horizontal support established in early February.