AIXBT, a popular cryptocurrency, has recently reached a new all-time high (ATH) thanks to significant activity from a large whale investor. The top holder, known as “0x001,” made a substantial purchase of 3.81 million AIXBT tokens, totaling $2.72 million. This purchase preceded a 41% price surge, pushing AIXBT to its ATH.
Following this purchase, the whale now owns a total of 8.31 million AIXBT tokens, representing 0.83% of the total supply. Their average purchase price stands at $0.623, with a total investment of approximately $5.18 million over the past four days. As a result, they have become the 8th-largest retail holder and currently hold a 43% unrealized profit, equivalent to around $2.2 million.
The AIXBT price has been on an upward trajectory, currently sitting at $0.91 after a nearly 30% increase in the last 24 hours. Despite an initial dip to $0.7024, the token quickly reversed course and surged upwards. This surge has propelled AIXBT to a market cap of $777.64 million, with a trading volume increase of over 50%, indicating strong investor interest.
Currently, AIXBT is testing the $0.90-$0.91 resistance zone. A successful breakout beyond this level could lead the price towards the $1.00 psychological barrier. However, if the price faces rejection at this level, a potential pullback to $0.85 or $0.80 might occur before attempting another upward move.
In terms of support and resistance levels, the $0.70-$0.72 range serves as a crucial support zone, potentially offering a strong base for buyers in case of a retracement. On the resistance side, the $0.90-$0.91 level remains critical, with a breakout signaling a continuation of the bullish trend towards $1.00.
Technical indicators suggest that AIXBT may be overbought, as indicated by the Relative Strength Index (RSI) at 74.79. This could lead to a short-term consolidation or pullback before further gains. However, the Moving Average Convergence Divergence (MACD) shows a bullish trend, with the potential for continued price appreciation. A brief pullback could present a favorable entry point for new buyers.
Overall, the recent whale activity and market momentum have propelled AIXBT to new heights, with key resistance and support levels to watch. Traders are advised to exercise caution and monitor technical indicators for potential price movements.
(Note: The information provided in this article is for informational and educational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and exercise caution when making investment decisions.)