AIXBT experienced a notable rally during Monday’s early Asian trading session, approaching its all-time high of $0.36. However, the altcoin peaked at $0.33 before succumbing to sell-offs, which drove its price downward.
As of now, AIXBT trades at $0.28, with further declines likely due to diminishing buying pressure.
AIXBT’s Bullish Momentum Weakens
The sudden drop in AIXBT’s price reflects shifting market sentiment. An analysis of the AIXBT/USD hourly chart shows that the altcoin briefly surpassed its 20-day Exponential Moving Average (EMA) while nearing the $0.36 peak. However, increasing bearish pressure pushed the price back toward this critical moving average.
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices for responsiveness.
When an asset’s price climbs above the 20-day EMA, it suggests short-term bullish momentum. However, if the price retreats to this level—as seen with AIXBT—it may signal consolidation or a potential reversal. Failure to hold above the EMA could indicate weakening bullish strength and a shift toward bearish sentiment.
Additionally, AIXBT’s Chaikin Money Flow (CMF) confirms this trend. Earlier on Monday, the CMF rose to 0.24, aligning with the price surge. Yet, as selling intensified, the CMF dropped below zero to -0.09, signaling heightened bearish pressure.
The CMF evaluates buying and selling pressure over a set period (typically 20–21 days). A negative CMF suggests stronger selling activity, indicating bearish dominance and weaker demand.
AIXBT Price Prediction: Critical Levels
AIXBT’s 20-day EMA serves as immediate support at $0.29**. If bearish pressure persists and this level breaks, the next downside target is **$0.27. A further drop could extend toward $0.25 if bulls fail to intervene.
Conversely, renewed buying momentum could push AIXBT past resistance at $0.30**, potentially retesting its all-time high of **$0.36.
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FAQ
Why did AIXBT fail to reach its all-time high?
Increased sell-offs and declining CMF values shifted market sentiment from bullish to bearish, preventing a sustained upward move.
What does the 20-day EMA indicate for AIXBT?
A drop below this level suggests weakening short-term bullish momentum, potentially leading to further declines.
Can AIXBT recover soon?
A rebound depends on renewed buying pressure. If bulls defend key support levels, a recovery toward $0.30 or higher is possible.
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Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions change rapidly—always conduct independent research before making investment decisions.
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