AIXBT Hits a New All-Time High (ATH) Thanks to Some Big Whale Activity

A top AIXBT holder, known as “0x001,” has recently made another large purchase of the token, contributing to the price's surge to a new all-time high (ATH).

According to recent on-chain data, 0x001 purchased an additional 3.81 million AIXBT tokens before the price shot up by about 41%, hitting a new ATH on Friday, March 10.

Top holder “0x001” bought another 3.81M $AIXBT ($2.72M) before the price soared ~41%, hitting a new ATH today!

In total, this whale has purchased 8.31M $AIXBT, or 0.83% of the total supply, at an average price of $0.623 (est. cost: $5.18M) over the past 4 days.

The whale is now… pic.twitter.com/VQM5TR7NbQ

— AIXBT Price Updates (@AIXBT_Price) March 10, 2023

In total, the whale now owns 8.31 million AIXBT tokens, which is roughly 0.83% of the total supply. Their average purchase price is $0.623. Over the past four days, they have spent an estimated $5.18 million on AIXBT, making them the 8th-largest retail holder.

At the time of writing, AIXBT is trading at $0.91, up nearly 30% in the past 24 hours and showing no signs of slowing down.

The token initially dipped to around $0.7024 during the past week. However, it quickly reversed course and broke out to the upside, leading to the current price surge.

AIXBT now has a market cap of $777.64 million and a 24-hour trading volume that has increased by over 50%, showcasing strong interest from investors.

AIXBT is currently testing the $0.90-$0.91 resistance zone. If it can break through this level, the next resistance might be around $1.00, which is a key psychological level.

If the price gets rejected here, it could pull back to $0.85 or even $0.80 before trying to move higher again.

The support zone for AIXBT is located between $0.70 and $0.72. This region served as a key point during the previous downtrend and could act as a strong base if a retracement occurs. A pullback to this area would offer an opportunity for buyers to re-enter before the next rally.

On the resistance side, $0.90-$0.91 remains a critical level. A breakout above this zone could signal a continuation of the bullish trend. Traders should monitor this area closely, as a sustained push above could pave the way for a move toward the $1.00 level.

The Relative Strength Index (RSI) is currently at 74.79, which might indicate that AIXBT is overbought. A short-term consolidation or pullback could occur before further gains.

However, the Moving Average Convergence Divergence (MACD) shows a bullish trend. The MACD line is above the signal line, and the histogram shows increasing bullish momentum. This could mean the price will continue to rise, but a brief pullback might offer a better entry point for new buyers.

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