AI Agent AIXBT Price Posts 74% Rally Despite Skeptic Traders
AIXBT by Virtuals surged 74% in the past 24 hours, recouping losses from the previous 12 days and hitting a new all-time high (ATH) of $0.75.
This surprising price surge went against the pessimistic expectations of many traders and highlighted the growing interest in this altcoin.
AIXBT sparks interest among traders
Open interest on AIXBT has more than doubled in the past 24 hours, from $73 million to $154 million. This significant growth demonstrates the increasing attention of market participants Altcoins are growing in popularity Retail and institutional investors. The surge in open interest reflects growing participation in the asset.
However, rising interest doesn’t always mean bullish sentiment. Traders appear to be divided, with some expecting the upward momentum to continue while others are skeptical. Increased activity highlights AIXBT’s volatilityhas become the focus of speculative trading.
24 hours ago, AIXBT’s funding rate was negative, indicating traders were anticipating a correction and shorting the asset. This bearish sentiment was consistent with heightened volatility, but backfired as short liquidations surged, reaching $2.3 million. These liquidations force traders to reassess their positions.
The sharp shift in sentiment following the unwinding of short positions prompted traders to become more optimistic about the outlook. New bullish momentum now positions AIXBT for continued growth, supported by easing market interest and selling pressure.
AIXBT Price Prediction: New ATH is Coming
The price of AIXBT surged 74% in the past 24 hours, climbing to $0.74 and reaching a new ATH of $0.75. The surge represents a significant recovery and solidifies its position as the top-performing AI-driven business Altcoins.
this AI agent currently Holding above the $0.60 support is a key threshold to sustain the upward momentum. If AIXBT maintains this level, it may continue to rise, potentially forming a higher ATH and delivering strong returns for investors.
However, AIXBT is at risk of falling below the $0.60 support if profit-taking intensifies. Such a decline would wipe out recent gains, invalidate the bullish outlook and potentially push the price as low as $0.33, highlighting the volatility traders must contend with.
Disclaimer
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