AIXBT by Virtuals has experienced a remarkable 74% rally in the last 24 hours, recovering losses from the previous 12 days and achieving a new all-time high (ATH) of $0.75. 

This surprising price surge defied the bearish expectations held by many traders, highlighting the growing interest in this altcoin.

AIXBT’s Open Interest has more than doubled within the last 24 hours, rising from $73 million to $154 million. This significant increase indicates heightened attention from market participants, with the altcoin gaining traction among both retail and institutional investors. This surge in Open Interest reflects growing engagement with the asset.

However, rising interest doesn’t always signify bullish sentiment. Traders appear divided, as some anticipate continued upward momentum while others remain skeptical. The increased activity highlights AIXBT’s volatility, which has become a focal point for speculative trading.

AIXBT’s funding rate was negative 24 hours ago, signaling that traders expected a correction and were betting against the asset. This bearish sentiment aligned with heightened volatility, but it backfired as short liquidations surged, amounting to $2.3 million. These liquidations forced traders to reevaluate their positions.

The sharp shift in sentiment following the short liquidations pushed traders toward a more positive outlook. The renewed bullish momentum now positions AIXBT for continued growth, supported by market interest and reduced selling pressure.

AIXBT’s price soared by 74% over the last 24 hours, climbing to $0.74 and achieving a new ATH of $0.75. This surge represents a significant recovery, solidifying its position as a top-performing AI-powered altcoin.

This AI Agent is currently holding above the $0.60 support level, a critical threshold for maintaining upward momentum. If AIXBT sustains this level, it could continue its rally, potentially forming higher ATHs and delivering strong returns to investors.

However, if profit-taking intensifies, AIXBT risks falling below the $0.60 support. Such a decline would erase recent gains, invalidate the bullish outlook, and potentially push the price down to $0.33, highlighting the volatility that traders must navigate.

The post AI Agent AIXBT Rallies 74% in 24 Hours, Invalidates Traders Skepticism appeared first on BeInCrypto.

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