AIXBT price prediction – Is an ATH on the cards this December?

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.

As a seasoned crypto investor with battle-tested nerves and a knack for spotting trends, I must say that the current state of AIXBT leaves me cautiously optimistic. The rounding top pattern on its one-hour chart is a red flag, but not a deal breaker. The inverted volume pattern and the dip below the neckline of the pattern are signs of potential trouble ahead, but they also present opportunities for savvy investors like myself.

In just seven days, AIXBT, a cryptocurrency by Virtuals [AIXBT], has seen a staggering 290% surge. This remarkable rise has also boosted its market capitalization substantially. At the moment of writing this, it stands at approximately $159 million.

Following its recent increases, AIXBT appears to be experiencing a decline, as it currently trades at $0.179 – a drop of 6%. Additionally, trading volume on CoinMarketCap shows a decrease of 12%.

AIXBT reached an all-time high of $0.236 on the 30th of November, but it has since dropped by 24%.

Considering that cryptocurrencies generally perform well during December, could it be possible for AIXBT to surge to a fresh record high by the end of this year?

AIXBT forms a rounding top pattern

On its one-hour chart, AIXBT appears to have developed a flattening peak formation, a pattern that typically signals a shift in the current bullish trend towards a more bearish one.

The rounded peak happening at the same time as an upside-down volume pattern suggests that AIXBT might be on its way down, indicating a potential drop.

In simpler terms, AIXBT is trying to maintain its position at a significant level ($0.165) on the chart, which resembles the base of a rounded peak formation. If it fails to do so and drops below this point, it might lead to additional declines.

If investors choose to purchase during a drop (dip), it’s possible that AIXBT may counteract these downward trends and strive towards reaching resistance at $0.226.

Should this resistance be overcome, the altcoin may resume its upward trajectory, potentially hitting a new record peak.

In simpler terms, the buying indicator called Relative Strength Index (RSI) has now crossed over its own line for AIXBT, indicating a potential buy opportunity.

Should investors decide to purchase, this cryptocurrency may reverse its downward trend and pave the way for additional growth potentially reaching new peak values.

Keep an eye on the On-Balance Volume (OBV) indicator too, as it’s leveled off following a significant decline. This could imply that the wave of selling activity has temporarily subsided, potentially creating opportunities for prices to rebound.

AI coins reverse gains

Over the past week, numerous AI-related cryptocurrencies experienced substantial increases in value. Yet, following this surge, most of those coins have dipped, and this decline seems to align with a dip in AIXBT’s value.

Read aixbt by Virtuals [AIXBT] Price Prediction 2024–2025

Looking at the data from CoinMarketCap, it appears that my investment in AI-focused cryptos took a dip over the past day. The total market capitalization dropped by 6%, leaving us with a current value of around $7.4 billion. Moreover, trading volumes for these specific coins have seen a decline of approximately 21%. This could be an indication of a temporary shift in investor sentiment or a larger market trend – time will tell.

If the cryptocurrency market associated with AI sees another surge like the one we witnessed last week, it might boost the chances of AIXBT hitting its all-time high (ATH) by the end of the year. On the flip side, additional downturns could lead to a more pronounced adjustment.

2024-12-03 01:11

AIXBT forms a rounding top pattern

AI coins reverse gains

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