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According to the latest Technical Analysis, the A16z Token shows a bearish trend in the short-term, medium-term, and long-term time frames, and investors should be wary of potential further falls.
On the 1-hour chart, the price has fallen below the short-term moving average, with both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicating bearish signals. The price is currently weakly consolidating in the range of 0.147-0.150. It is suggested that investors consider establishing short positions around 0.150, with a stop loss set at 0.152. If the price falls below 0.147, additional positions can be added. The target price levels are 0.139 and 0.132.
The 4-hour chart shows that the A16z price has fallen below the 200 moving average and the 21 moving average. The Directional Movement Index (DMI) is leaning towards the bearish side, indicating a higher likelihood of further decline. Investors can establish medium-term short positions around 0.160, with a stop loss at 0.180. If the price falls below 0.149, consider increasing the position. The target price levels are 0.132 and 0.112.
The daily chart shows a medium-term bearish trend, with long-term moving averages arranged downwards. The RSI and DMI indicators both indicate that bears have the advantage. It is recommended that investors establish long-term short positions when the price rebounds to 0.160, with a stop loss set at 0.175. If the price falls below 0.147, additional positions can be added. The long-term target prices are 0.112 and 0.048.
In summary, A16z shows bearish signals across multiple timeframes, and investors should remain vigilant and manage risks appropriately. However, market conditions are ever-changing, and investors must combine other analytical methods and the latest market information to comprehensively assess risks before making any investment decisions.