AIXBT crypto by VIRTUALS is attempting to recover after a 50% drop over the past three days. The AIXBT price is currently around $0.42, but is this the bottom, or could we see further declines?
Meanwhile, BTC
has fallen even more, dropping below $93,000 and struggling to hold that level. Unsurprisingly, most other tokens have followed suit, and AIXBT has not been spared.AIXBT stands out as a simple, automated, AI-driven influencer that delivers financial advice and crypto news with the boldness of a typical degen. Many appreciate AIXBT for its fast updates and funny posts. But also, Aixbt can’t escape this moody market, with BTC struggling to stay above $93,000.
$AIXBT listed on @Bybit_Official spot https://t.co/6CoXyZ4Udk
— New Listings Feed (@NewListingsFeed) January 9, 2025
AIXBT Price Action: Is This a Local Bottom for AIXBT Crypto?
The AIXBT token’s price action reveals some significant levels. In December, the price found support around $0.30, which triggered a move up to $0.65 before encountering resistance and reversing.
Currently, the token is trading below the 100 MA near $0.46. The $0.40 level could be a potential support or a short-term pause before further movement.
Recent volume spikes indicate increased trading activity. A strong rebound from $0.40 could start a recovery toward $0.65. However, if the token struggles to move above the 100 MA, a decline toward $0.30 or lower becomes more likely. The $0.30 level remains critical; a break below it could signal further declines.
So, did AIXBT find its bottom? It all depends on support levels, volume, and the broader market. In general, the AI meta still seems strong.
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