$AIXBT /USDT Plummets: Reversal Opportunity or Further Downside?
$AIXBT /USDT is trading at $0.4453, witnessing a sharp drop of 12.72% in the last session. The price has fallen from a high of $0.5197 to a low of $0.4450, signaling intense bearish pressure.
Key Levels to Monitor:
Immediate Support: $0.4400
Resistance Levels: $0.4650, $0.4800
Bearish Momentum:
Sustained trading below $0.4400 could trigger further downside, potentially targeting $0.4200 as sellers dominate the market.
Bullish Reversal Potential:
A recovery above $0.4650 could pave the way for a rebound toward $0.4800, but confirmation with rising volume is crucial for sustained upside.
Market Insight:
With RSI at an oversold level of 13.75, a short-term bounce might be on the cards. However, MACD remains bearish, and selling pressure persists, requiring cautious entries.
#AIXBTAnalysis " data-hashtag="
#AIXBTAnalysis " class="tag">
#AIXBTAnalysis
#AIXBT,COOKIE,CGPTOnBinance