Aixbt by Virtual (AIXBT) is an AI cryptocurrency that is gaining popularity in the market. At a time when the market is consolidating and recovering from an earlier crash, the AIXBT token price is constantly gaining new peaks, resulting in a 175795% surge in the last three months. Moreover, investor interest and adoption rates are rising, especially as the token nears the $1 milestone, which others failed. There are many reasons behind the ongoing rally, which could even fuel it to a higher target; let’s discuss.
Reasons Behind AIXBT Token Price Rally, Fueling it To $1
The biggest reason behind AIXBT’s exponential growth is its high demand in the market, which was garnered due to previous chart movements and hype around the AI cryptos. As explained in an earlier CoinGape article, AI crypto will become the new cryptocurrency trend in 2025 due to the upscaling of the AI industry and its collaboration with crypto.
The AIXBT coin has surged more than 30% in the last 24 hours and currently trades at $0.915 with 782M in market capitalization. Over the week, the price has surged 115% amid high trading volume and investor interest. Even at present, the trading volume is $689.54M after a 50% surge. Interestingly, if the technical factors align, the same could lead the AIXBT token price to $1 or even higher.
Crypto whales are betting on this opportunity. One whale bought 3.81 million tokens and is holding almost 0.83% of the AIXBT’s total supply. Eventually, this will create increased buying pressure on the token. Further demand is clearly visible in the Open Interests, where the Coinglass derivative data presents the surge of OI from $73M to $208.83M within just two days. This reveals that investor confidence is in its prime for this AI crypto.
There are additional factors like Binance listing and bullish sentiments for the token. Even the technical indicators present the buyer dominance on the token. Experts believe the continuous trend would lead to further Aixbt by virtual token price rally.
Here’s When AIXBT Price Rally Can Hit $1
AIXBT’s recent surge to its current trading value of $0.915 clearly shows strong bullish momentum for the token. Although the technical indicators present mixed signals, the MACD and moving averages on the short frame present strong bullish signals.
With that, the token is moving towards the 161.8% Fibonacci extension level, which could result in the AXIBT Token price hitting $0.9987. This level will become a crucial point for the further performance of the token, as the rejection from 168.1% could drop the price to $0.755. However, if the token surpasses the resistance, it can next target the 261.8% Fibonacci extension level, reaching a price target of $1.39.
Bottom Line
Amid the bullish momentum fueled by investor interest, high trading volume, and other factors, the AIXBT token price can definitely reach $1 soon. However, investors should monitor the price performance, as the RSI is closer to the overbuying zone, so a reversal could result in a crash. However, if things go smoothly, the token can create a new ATH at $1.39.
The post Top Reasons Why AIXBT Token Price Can Hit $1 Next? appeared first on CoinGape.
