AIXBT rallies past resistance with strong buying pressure | Credit: Veronica Cestari
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Key Takeaways
AIXBT surged 56% this week as AI-agent hype and broader market recovery fueled demand.
MACD and CMF readings show strong buying momentum, though others signal caution.
Clearing the resistance at $0.11 could open a run toward $0.17; failure to hold $0.090 risks a dip.
AIXBT, the AI-themed cryptocurrency, has surged 56% over the past week. This happened as bullish sentiment around tokens linked to AI agents surged.
Apart from the growing demand for AI agents, the broader market recovery contributed to the hike.
Technical indicators reinforce this bullish momentum. At press time, AIXBT’s price is $0.098, with its market capitalization climbing 7.21%.
So, is AIXBT ready for its next leg up? Let’s dig in.
AIXBT Breaks Out
On the 4-hour AIXBT/USD chart, the MACD is in positive territory, confirming that bullish momentum remains strong.
The 12-day EMA (blue) has crossed above the 26-day EMA (orange), signaling a strong uptrend and potential continuation of the surge.
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Similarly, the Money Flow Index (MFI) has entered overbought territory at 79.71, showing that bulls dominate the market. Although the indicator also implies that the token may soon approach exhaustion.
If momentum holds, AIXBT’s price could break above the key resistance zone at $0.11, potentially paving the way toward a new local high.
Meanwhile, several analysts are of the opinion that the altcoin will trade higher.
For instance, crypto analyst Captain Faibik disclosed that AIXBT has formed a falling wedge pattern after lingering in a descending channel.
The rally might extend beyond the current price if this trend remains the same.
“$AIXBT is finally breaking out of the falling wedge,” Captain Faibik noted on X.
Meanwhile, trader World of Charts added that the token might need to clear a major resistance first.
“AIXBT needs to clear the Multi Resistance Area. After that, it can give a 50%+ rally,” He added.
AIXBT Price Outlook
On the daily chart, the Chaikin Money Flow (CMF) shows a strong reading of 0.22, indicating that capital inflows are outpacing outflows.
This confirms sustained buying pressure. It also indicates confidence in the token’s short-term prospects.
A closer look at the chart confirms Faibik’s position. The image below shows that AIXBT’s price has broken above the falling wedge’s upper trendline.
The Bull Bear Power (BBP) indicator further supports the bullish case. As of this writing, it has printed green bars at 0.049, confirming that buyers control intraday trading dynamics.
From a technical standpoint, Fibonacci retracement levels show that AIXBT’s price is approaching the 0.382 Fib level at $0.11, a critical resistance zone.
A successful close above this level could clear the path to the 0.5 Fib at $0.14 and the 0.618 Fib at $0.17, potentially retesting its all-time high.
However, failure to hold above $0.09 may trigger a short-term pullback toward the 0.236 Fib at $0.067, with further downside pressure potentially pushing the token closer to $0.014.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
