AIXBT Faces Continued Pressure: Price Holds Support, Eyes $0.900 Target
AIXBT is on a downward price trajectory, showing a notable decline in value. Over the past 24 hours, it has dropped nearly 3.86%, and over the last week, the decrease is more pronounced, with a 10.29% loss, reflecting growing bearish sentiment in the market.
At the time of writing, AIXBT is trading at $0.03360. Its 24-hour trading volume stands at $13.8 million, representing a 19.06% decline within a day. Meanwhile, the market capitalization is $33.58 million, down by approximately 4.01%.
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Key Support Holds Amid Selling Pressure
AIXBT is in a sustained bearish trend, respecting a long-term descending channel. Price is currently reacting from the support zone around $0.029–$0.034, where selling pressure has slowed. This area shows demand absorption, but the structure remains bearish with no confirmed higher high or trend reversal yet.
If a relief bounce develops, the first upside target is the mid-channel near $0.10, followed by the upper channel resistance. Any move upward should be treated as corrective until price breaks and holds above the channel. Volume expansion is required to validate bullish continuation beyond these levels.
The major resistance level for upside resistance and a major sell zone will be at $0.470-$0.900. On the flip side, a loss of existing support will trigger the following targets: at $0.020 and then at $0.015. A trend reversal will be achieved through a channel breakout, a successful retest, and a higher low.
RSI and MACD Signal Ongoing Weakness
The RSI value on the weekly chart is approximately 38 and is below the middle or neutral value of 50. This is an indication that the bears still have the upper hand. The RSI is not oversold, but it indicates that there is little strength in buying, and any attempts at recovery have been to no avail.
MACD is still below the zero level, and this reinforces the general bearish trend. However, there is a positive shift in the histogram, suggesting a reduction in the bears’ momentum. The MACD is moving closer to the signal line, suggesting a possible early change in momentum.
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