AI16Z crypto soars over 20% ahead of Bithumb listing, are more gains on the horizon?

AI16Z surged by as much as 22% today, ahead of its upcoming listing on South Korea’s Bithumb exchange.

According to data from crypto.news, Ai16z (AI16Z) an agentic AI crypto spiked to an intraday high of $0.305 during morning hours in Asia on April 29, extending its gains to nearly 200% from its monthly lows and lifting its market cap over $328 million.

The main catalyst driving its gains today is a listing announcement by South Korean crypto exchange Bithumb, which will launch a KRW trading pair for AI16Z later in the day at 6:00 PM KST.

The listing price is set at 389 KRW (around $0.287), and trading will go live shortly after, with deposits and withdrawals already open, exclusively on the Solana network.

AI16Z’s rally today also came amid growing investor interest in agentic AI coins, lifting the sector’s market cap by over 10% in the last 24 hours. 

Part of the excitement was also likely fueled by AI chip giant NVIDIA’s launch of its NeMo microservices recently, which help developers build smarter, safer AI agents for businesses.

AI16Z price analysis

On the daily chart, AI16Z has broken out of a bullish pennant pattern that had been forming over the past three months, a classic bullish setup in technical analysis.

Also, the 20-day EMA (blue) looks ready to cross above the 50-day EMA (green), which could form a golden cross soon. That’s a strong bullish signal and usually means a bigger uptrend could soon be at play.

On top of that, the SuperTrend indicator has flipped green, adding to the positive momentum.

Based on this setup, AI16Z’s next likely target is around $0.44, up about 48% from its current price, a level where it previously struggled during its brief March rally.

Traders on X also appeared optimistic about AI16Z’s next leg up and have set even higher targets. According to a pseudonymous user identified as UniChartz, AI16Z has broken above a key descending resistance line on the 1-day USDT perpetuals chart, suggesting a potential major trend reversal is underway. 

As long as AI16Z holds above the $0.188–$0.244 zone, the bulls could target a move toward $1.15, they added.

Another trader echoed the bullish outlook, calling the recent breakout a “strong entry” and setting an initial target for a massive 325% gain. See below.

While AI16Z is already listed on several major centralised exchanges, its debut on Bithumb, one of South Korea’s top crypto platforms, could help extend its ongoing rally as the token is exposed to a wider user base.