Reasons Behind the AIXBT Price Surge: AIXBT, the AI-themed cryptocurrency, surged to a new all-time high (ATH) of $0.745, marking a more than 70% increase in the last 24 hours. This spike is attributed to multiple factors:
Investor Demand and AI Crypto Popularity: There has been growing interest in AI-themed cryptocurrencies, with AIXBT benefiting from the hype surrounding the sector. A CoinGape report highlighted that AI cryptos are expected to be a major trend in 2025, driving investor interest.
Binance Listing and Market Visibility: Binance, one of the leading cryptocurrency exchanges, listed AIXBT recently. This listing, along with the announcement from HashKey Global, boosted AIXBT’s visibility and attracted more investors.
Whale Activity: A significant factor in AIXBT’s rise has been crypto whale activity. A wallet accumulated 3.06 million AIXBT tokens in just 42 hours, sparking further interest and driving the price up.
Increased Open Interest and Trading Volume: AIXBT’s open interest surged to $154 million, nearly doubling in a single day. This increase in open interest was accompanied by a substantial rise in trading volume, which reached $471.86 million in the last 24 hours, demonstrating growing market activity and investor confidence.
Will AIXBT Price Rally Continue? Despite its impressive rise, AIXBT has faced some short-term volatility. After experiencing a decline to $0.36 on January 13, AIXBT has rebounded sharply, showing over 100% gains. Currently, it trades around $0.672, but has dropped 10% from the ATH earlier in the day, suggesting some consolidation.
The key support level for AIXBT is $0.663. If the price holds above this level, the rally could continue, potentially reaching $1. In contrast, a drop below this support could trigger a downtrend, with a potential price drop to $0.557. If the support holds, AIXBT could experience a 32% rally to the $1 mark, aligning with the 161.8% Fibonacci extension level.
Bottom Line: AIXBT’s price surge is largely driven by the rising popularity of AI-themed cryptos, strong investor sentiment, whale activity, and the recent Binance listing. While the price has seen some consolidation, it could continue to rally if it holds key support levels. A move above $0.663 could propel the price toward $1, but a decline below this level could lead to a correction.
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