- Whale’s $2.72M purchase boosts AIXBT to new ATH, fueling market momentum.
- RSI indicates AIXBT may be overbought, suggesting a potential pullback soon.
- Breaking $0.91 resistance could propel AIXBT towards $1.00 psychological level.
AIXBT has hit a new all-time high (ATH) thanks to some big whale activity. The top holder, known as “0x001,” recently bought 3.81 million AIXBT tokens (worth $2.72 million). This purchase happened right before the price jumped by 41%, reaching its ATH today.
In total, this whale now owns 8.31 million AIXBT tokens, which is 0.83% of the total supply. Their average purchase price is $0.623. Over the past four days, they’ve spent an estimated $5.18 million on AIXBT. This has made them the 8th-largest retail holder. They currently have a 43% unrealized profit, worth about $2.2 million.
Price Trend and Market Momentum
The AIXBT price has been moving upwards. It’s currently at $0.91, up nearly 30% in the past 24 hours. The token initially dipped to around $0.7024.
But, it quickly reversed course and broke out to the upside. This has led to the current price surge. AIXBT now has a market cap of $777.64 million. The 24-hour trading volume has also increased by over 50%, showing strong interest from investors.
AIXBT is currently testing the $0.90-$0.91 resistance zone. If it can break through this level, the next resistance might be around $1.00. This is a key psychological level. If the price gets rejected here, it could pull back to $0.85 or even $0.80 before trying to move higher again.
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Support and Resistance Levels
The support zone for AIXBT is located between $0.70 and $0.72. This region served as a key point during the previous downtrend and could act as a strong base if a retracement occurs. A pullback to this area would offer an opportunity for buyers to re-enter before the next rally.
On the resistance side, $0.90-$0.91 remains a critical level. A breakout above this zone could signal a continuation of the bullish trend. Traders should monitor this area closely, as a sustained push above could pave the way for a move toward the $1.00 level.
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Technical Indicators
The Relative Strength Index (RSI) is currently at 74.79, which means AIXBT might be overbought. A short-term consolidation or pullback could happen before further gains.
However, the Moving Average Convergence Divergence (MACD) shows a bullish trend. The MACD line is above the signal line, and the histogram shows increasing bullish momentum. This could mean the price will continue to rise. But, a brief pullback might offer a better entry point for new buyers.
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