The Aixbt By Virtuals price surged 18% in the last 24 hours to trade at $0.4824 as of 11:22 p.m. EST on trading volume that skyrocketed 97% to $114 million.
Aixbt By Virtuals Price To Sustain Its Breakout
The Aixt By Virtuals price analysis on the 4-hour timeframe shows a strong upward trend characterized by a well-defined rising channel.
The AIXBT price has steadily risen from the channel’s lower boundary and recently experienced a breakout above the channel’s upper trendline at $0.4389, signalling heightened bullish momentum, according to GeckoTerminal data.
The 50-day Simple Moving Average (SMA) currently sits at $0.3548, while the 200-day SMA is at $0.2562, both trending upwards.
The price of Aixbt By Viertuals remains well above both moving averages, confirming a strong bullish bias.
Meanwhile, the Relative Strength Index (RSI) is at 69.69, approaching the overbought threshold of 70. This suggests that the market is near overbought conditions, and while the upward momentum is strong, a short-term pullback or consolidation might be imminent if overbought conditions persist.
The blue Moving Average Convergence Divergence (MACD) line is at 0.0420, above the orange signal line at 0.0342, showing a bullish crossover. The histogram is also positive, signaling continued bullish momentum.
AIXBTUSD Chart Analysis Source: GeckoTerminal
AiXBT By Virtuals Price Prediction
Given the current market structure and technical indicators, the Aixbt By Virtuals price will likely maintain its bullish trend in the short to medium term, especially if it consolidates above the ascending channel’s previous upper boundary around $0.4500.
The immediate resistance level is now the psychological mark of $0.5000, and if the bullish momentum continues, the price could target $0.5500 or higher in the coming sessions.
However, caution is warranted as the RSI nears overbought territory, suggesting a potential retracement. Support levels to watch include the breakout level at $0.4500 and the 50-period MA at $0.3548, which should provide strong support in case of a pullback.
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