AIXBT Price Jumps 20% as Bulls Aim for New Highs
AIXBT’s price has soared by nearly 20% in the last 24 hours, currently trading at $0.19. The 24-hour trading volume has also spiked by 50%, indicating strong market interest.
Today’s price surge is a significant move as bulls try to break above the $0.21 mark. This level was the peak reached on May 1, marking the top of a breakout rally that started on April 23. Before this rally, AIXBT was stuck in a consolidation range between $0.06 and $0.10 since April 3.
The April 23 breakout led to a 110% gain,pushing the price from $0.10 to $0.21. Now, bulls are aiming to continue this momentum and surpass the $0.21 resistance. If they succeed, the next target is $0.25, a key resistance zone. A further rise could see the price reach $0.30.
Momentum is still bullish,with the RSI at 64,nearing the overbought zone. The MACD line is above the signal line, and the histogram shows green bars, though they are shrinking, indicating weakening momentum. The price is above the 20 EMA and 50 SMA, with a bullish crossover on April 27.
If the price breaks above $0.21, it could signal a strong upward trend.However, failure to do so might lead to consolidation or a lower high. Traders should watch upcoming price movements closely.
