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AIXBT 24H rise of about 25%, once again challenging the target price of over $0.5?
Gate News bot news, the price of AIXBT (aixbt by Virtuals) has rebounded 25% from recent lows, showing new bullish momentum, with technical indicators suggesting it may move back above the 0.50 dollar range.
AIXBT has risen about 25% from yesterday’s intraday low of 0.1630 USD (recent pullback low) to today’s intraday high of 0.2070 USD. In the past 24 hours, the trading volume surged over 120%, reaching 97 million USD.
Its price has once again broken through the 20-day moving average (EMA), and the bullish crossover between the 20-day moving average (EMA) and the 50-day moving average (SMA) has been maintained for over a month.
The momentum indicator is beginning to confirm the underlying strength behind the latest trend, with the RSI (Relative Strength Index) rising to 57, maintaining a position above the midpoint and moving away from the overbought area. Since the end of April, the RSI has also formed a series of higher lows, indicating that bullish momentum is gradually strengthening even during the consolidation period.
The MACD shows that the bearish momentum has faded. However, since the MACD line is still below the signal line, a bullish trend has not yet formed.
Looking ahead, the next key resistance level is around $0.23 to $0.24. This level marks the last higher point since mid-May and coincides with multiple resistance levels that appeared at the end of February and the beginning of March. If this area can be effectively broken through, it will open the way for further rises.
After breaking through $0.24, the next potential target levels are $0.32, $0.39, and $0.54—these important price levels are where the AIXBT price attempted to rebound during a significant decline from its historical high but failed to break through.
The most important local support level is around $0.15, a price point that has remained strong since early May, as AIXBT has consolidated after a breakthrough rebound at the end of April. However, if it falls below this support level, there is a risk of further decline to $0.10.
Source: crypto.news