AIXBT Skyrockets 20% as Bulls Charge Towards Breakout High!

Price Action Heats Up: AIXBT Soars to $0.19

Hold onto your hats, crypto fans! AIXBT (AIXBT) has blasted off by nearly 20% in the last 24 hours, now trading at a sizzling $0.19. The trading volume? It's gone wild, up a staggering 50%!

Bulls Eyeing the $0.21 Prize

Today's epic surge is all about the bulls gunning for glory, trying to smash through the local high of $0.21 that they hit on May 1. That was the peak of the breakout rally that kicked off on April 23. With that move, AIXBT busted out of the $0.06 to $0.10 range it had been stuck in since April 3. Before that, it was hovering between $0.09 and $0.12, but that range eventually crumbled.

The April 23 breakout? It sparked a mad dash from $0.10 to a high of $0.21, raking in a whopping 110% gain. Now, with today's charge, the bulls are dead set on reigniting that fire and blasting past the crucial $0.21 resistance. That's the next big hurdle to watch for if this rally's going to keep rolling. If they can't break through, we might see some cooling off under that resistance, or even a lower high, depending on how the next candles play out.

Momentum's Still Hot, But Watch Out

The momentum's still roaring, with the RSI at a steamy 64, inching towards overbought territory. But hey, today's RSI is still way below the peak of 78 we saw on May 1, which explains the sharp drop that followed.

The MACD line? It's still cruising above the signal line, and the histogram's flashing green. But those bars are getting smaller, hinting that the momentum might be cooling off, even if the trend's still going strong.

And guess what? The price is still riding high above both the 20 EMA and 50 SMA. That 20 EMA crossed above the 50 SMA around April 27 — a bullish crossover that screams potential trend reversal.

Next Stops: $0.25 and Beyond?

If this momentum keeps up and the price smashes through that $0.21 resistance, the next stop could be $0.25 — a big psychological and horizontal resistance zone where the price chilled out for over a week in February after a sharp drop from its all-time high in January. Keep your eyes peeled, because if it keeps climbing, $0.30 might just come into view, though that level's not as strong.