- Token had a strong bullish market structure, although it saw a price decrease of 7% in the last 12 hours
- The support zone of $ 0.15- $ 0.16 could, if defended, determine the stage for a rally at $ 0.23
AI agent token aixbt [AIXBT] After collecting 128% in a month and 10.5%, attention gave attention in the last 24 hours. The trade volume has increased by 51% in the last 24 hours, a sign of bullish faith.
Source: Coinyze
The open interest rose from $ 27 million to $ 35 million on May 5, but has lost weight and was at $ 30 million at the time of the press. This OI decrease came in the last 12 hours in addition to a price dip of 7%.
The Spot CVD was also non-inspiring, who made any doubts about the short-term strength of the bulls.
Will AixBt then withdraw to $ 0.128?
Source: AixBT/USDT on TradingView
The 1-day price diagram showed a strong bullish market structure. The trade volume has been high in the last three weeks, because the Token gathered, which showed an increased question.
This was confirmed by the rapid upward increase in the OBV.
The RSI was at 63 to signal Momentum and was still firm bullish at the time of the press. It did not suggest that there was a deeper retracement, but the volatility around Bitcoin [BTC] Could post a challenge for the bulls.
As it looks now, the local support for $ 0.16 is well defended. AixBT offered swing traders a buying option, with a stop-loss under $ 0.15 and take-profit goal of $ 0.227.
The social statistics showed that token experienced a sudden increase in popularity. The weighted sentiment shot twice to heaven in the last 10 days and achieved values that have not been seen since January.
The social volume also saw an increase in the last three weeks, but it was not enough to challenge the highlights of December and November.
At the time, AI -agent -Tokens were a hot topic, but since then they have no longer regained their popularity.
The Taker Buy/Sell Volume showed that Futures traders were evenly balanced. The long/short ratio was at 0.9988 at the time of the press and 49.97% of the Taker volume was long.
In general there were chances for a price baptism in the short term, but the rally probably seemed to continue, as long as Bitcoin remained stable.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer