Why These Altcoins Are Trending Today — January 9

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Currently, digital currencies with ties to artificial intelligence, such as AI16Z, LLM, and VIRTUAL, are generating a lot of buzz. AI16Z, for instance, has experienced a sharp decline, losing 20% in the past day and 36% over the last week. On the other hand, LLM, a recently introduced token, has seen a considerable increase of 138%, reaching a market value of $120 million.

Virtual Coin continues to be one of the foremost artificial intelligence-focused cryptocurrencies, experiencing a substantial downturn yet maintaining its rank within the top 50 altcoins based on market capitalization. As these digital assets move in different directions, investors keep a close eye for indications of continued decline or chances for rebounds.

ai16z (AI16Z)

As an analyst, I’ve noticed that AI16Z, a notable cryptocurrency centered around AI agents, has experienced a surge in popularity, riding the wave of growing interest in crypto. By the beginning of 2025, its market capitalization skyrocketed to a staggering $2.7 billion, with each coin trading at approximately $2.5. However, within the last 24 hours, we’ve seen a nearly 20% decline, and over the past week, the coin has dropped by around 36%.

From my perspective as an analyst, the technical outlook suggests that the corrective phase might prolong, and there’s a likelihood of a new death cross emerging shortly. This bearish indication could trigger more downturn, making the $1.40 support level significantly important. If AI16Z breaches this support level, it may experience a steeper descent, possibly reaching as low as $0.75.

Conversely, if the current downward trend reverses, it may ignite fresh bullish energy. If AI16Z manages to hold its support and climb towards the $1.74 resistance level, breaking through this barrier might suggest a robust recovery. Such an upward movement could potentially guide AI16Z back towards $2.5, with a possibility of hitting new record highs.

Large Language Model (LLM)

Within mere hours of its debut on Pumpfun and subsequent move to Raydium, LLM has soared in popularity among altcoins. This artificial intelligence-focused coin has experienced a remarkable increase of 138% over the past day, causing its market value to reach around $120 million.

A standout event occurred when one wallet bought approximately 23 million LLM during the Pumpfun stage at a mere cost of $269. As per X’s account on OnchainLens, this user then sold the coins four hours later for an impressive $507,000, resulting in a massive 1,887-fold return.

Technically speaking, the key support for LLM is around $0.086. If the bearish trend continues, it might drop to $0.069. However, a reversal of the bearish trend could push LLM towards the resistance levels at $0.141 and $0.156, potentially reaching new highs.

Virtuals Protocol (VIRTUAL)

As a crypto investor, I’ve been closely watching VIRTUAL, a formidable player in the AI coin sector. This digital asset consistently ranks within the top three by market cap in its category, showcasing its strong presence. In early 2025, it skyrocketed to almost $5 billion in market cap, only to subsequently enter a correction phase. Despite this, VIRTUAL continues to maintain its position among the top 50 altcoins, a testament to its resilience and potential for growth.

In the past day, the value of VIRTUAL has decreased by 5.4%, adding to its seven-day losses that now total nearly 30%. Unfortunately, this downward trend occurred even after the announcement of its collaboration with the cryptocurrency game Illuvium.

Based on the analysis of current prices, it seems that the downward trend might intensify since the short-term moving average lines are getting close to forming a “death cross” by dropping below the long-term moving averages. This bearish indication could lead VIRTUAL’s price to test the significant support level at $2.81, and if that support weakens, it might decline to $2.23. Nevertheless, the continuing excitement about AI coins opens up a possibility for a turnaround.

If renewed excitement around AI initiatives increases, the VIRTUAL stock might regain its bullish trend and attempt to surpass the resistance at $3.73. Overcoming this barrier could pave the way for additional growth, with the subsequent objective being $4.59 – a level that could signal a return to previous peak values.

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2025-01-09 19:23