$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.

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