The post AIXBT price prediction – Is an ATH on the cards this December? appeared on BitcoinEthereumNews.com.

AIXBT has formed a rounding top pattern at the hourly chart, suggesting an upcoming bearish reversal.  If buyers step in to buy the dip, AIXBT could overcome the bearish trends and aim for a new ATH.  aixbt by Virtuals [AIXBT], has gained by over 290% in seven days. During this time, the altcoin’s market capitalization has increased significantly from $45M to $159M at press time.  After the recent gains, AIXBT is showing signs of exhaustion, given that at press time, it had dropped by 6% to trade at $0.179. Trading volumes were also down by 12% per CoinMarketCap.  AIXBT reached an all-time high of $0.236 on the 30th of November, but it has since dropped by 24%. However, given that December tends to bode well for cryptos, will AIXBT rally higher to a new all-time high before the end of the year?  AIXBT forms a rounding top pattern  AIXBT has formed a rounding top pattern on its one-hour chart, which often precedes a reversal of the current trend from bullish to bearish. The rounding top has also coincided with an inverted volume pattern, confirming that AIXBT could be heading for a downturn.  Bulls are fighting for control, given that AIXBT is fighting to hold support at the neckline of the rounding top pattern at $0.165. If it falls below this support, it could post further dips.  Conversely, if buyers step in to buy the dip, AIXBT could overcome these bearish trends and aim for resistance at $0.226. If it flips this resistance, the altcoin could resume its uptrend and possibly reach a fresh all-time high. Source: TradingView The Relative Strength Index (RSI) has also created a buy signal for AIXBT after moving above the signal line. If buyers step in, this altcoin could overcome these bearish trends and set the…

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Filed under: News - @ December 2, 2024 10:21 pm